Grayscale sets 0.29% fee for its Hyperliquid ETF, undercutting Bitwise and 21Shares

60-second summary

Grayscale is poised to launch its Hyperliquid ETF with a sponsor fee of 0.29%, undercutting its competitors Bitwise and 21Shares. This move is expected to take place as early as this week, potentially disrupting the market for crypto ETFs. The lower fee may attract more investors, increasing demand for the fund and its underlying assets, potentially boosting their prices.