Grayscale gets behind the hype, launching its HYPG Hyperliquid ETF on Nasdaq
The Block·
60-second summary
Grayscale launches its HYPG Hyperliquid ETF on Nasdaq, introducing a new low for fees in the market. The ETF is linked to the Hyperliquid index, which tracks a basket of cryptocurrencies. With this move, Grayscale joins the growing list of firms competing in the ETF space, further intensifying the competition and potentially driving down costs for investors.
Grayscale entered the ring with its own Hyperliquid linked ETF, setting a new low for fees as competition intensifies among firms.