Grayscale Reveals HYPE Stake ETF Fees, Analyst Eyes Launched This Week


Grayscale Investments has filed its Sixth Amendment ETF for Hyperliquid with the U.S. Securities and Exchange Commission (SEC). It includes important information about the ETF’s fee structure. Hence, experts believe that the asset manager looks closer to its launch.

Grayscale offers another adaptation of the Hyperliquid Stake ETF

James Seyphart, a Bloomberg ETF analyst, said on the X website that the fund is expected to begin trading within the next few days. Ultra-liquid grayscale ETFs“, Seyphart wrote.

He added that the product will be put on the market under the symbol “HYPG.” Meanwhile, the filing also revealed that the ETF will charge a 0.29% management fee.

BREAKING: Grayscale Reveals HYPE Looking ETF Fees, Analyst Eyes Launched This WeekBREAKING: Grayscale Reveals HYPE Looking ETF Fees, Analyst Eyes Launched This Week
Details of fees on other Hyperliquid ETFs. Source: Farside Investors

The fee will give Grayscale a small advantage over the competition Bitwise Products And 21 shares, Seyphart said. “This slightly undercounts BHYP and $THYP, which are 0.34% and 0.30%, respectively,” he noted.

the Deposit It explains the management fees, but there are questions regarding the cost of ownership-related activity in the fund. Farside Investors left a comment on Seyffart’s post: “What are staking fees? Which are often more important than management fees.”

Seyphart said she did not have the information on hand to provide. “It hasn’t been revealed as far as I can tell. But to be fair, I’m interested in other things at the moment and only spent a few minutes looking,” he wrote. Hence, people are now expecting another request about staking fees, but Grayscale can skip this disclosure for now.

Look at previous filings

The new amendment comes after a series of amendments presented by Grayscale over the past few weeks. The initial filings provided details of the ETF’s strategy for acquiring Hyperliquid’s native HYPE token and included provisions for activities related to staking. newly, Grayscale was bought by millions Value of Hyperliquid tokens.

Seyphart had previously analyzed the Fifth Amendment and determined that it was likely that regulators had sought only minor changes. He said at the time that the changes appeared to be standard responses to potential comments from the SEC in the revised paperwork. Thus, the analyst indicated that he did not see “anything of substance” in the May 29 filing.

Grayscale’s filing still cites about 2 million HYPE tokens as seed capital for the planned exchange-traded fund. It is estimated at approximately $144 million at the present time Hype price direction.

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