Grayscale HYPE ETF ‘likely imminent’ as new update shows competitive fee: Analyst

- Grayscale is finally admitting that HYPE isn’t just vaporware. They’ve filed for an ETF with a 0.29% fee, slightly cheaper than 21Shares (0.3%) and Bitwise (0.34%). Analyst James Seyffart calls it “likely imminent,” which is corporate speak for “we want your passive income.” It’s a race to the bottom, but at least the fees are competitive now. While moonboys chase 100x leverage on Hyperliquid’s DEX, institutions are busy packaging the volatility into a boring, regulated box. The irony? The fee structure is the only thing here that isn’t a scam. Vira wants utility, not noise. This is utility: Wall Street monetizing your addiction to liquid derivatives with a modest management cut. Enjoy the slow bleed.