Barry Silbert-Linked Grayscale Set To Launch New Hyperliquid ETF Today—Here’s What You Need To Know About HYPG
Grayscale Investments said its exchange-traded fund tracking the price of the Hyperliquid (CRYPTO: HYPE) token will begin trading on Wall Street starting Wednesday.
HYPE Grows On Wall Street
The Grayscale Hyperliquid Staking ETF will list on the Nasdaq Stock Exchange under the ticker GHYP.
The fund offers exposure to HYPE’s price performance—a token boasting a market capitalization of over $18 billion—as well as potential staking rewards that have historically averaged between 2.2% and 2.3% annually.
The ETF offers a competitive gross management fee of 0.29%, below that of current HYPE-linked funds on Wall Street.
Grayscale is the world’s largest cryptocurrency-focused asset manager and a subsidiary of Barry Silbert-founded Digital Currency Group. Last year, Silbert returned as Chair of Grayscale’s board.
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