Grayscale gets behind the hype, launching its HYPG Hyperliquid ETF on Nasdaq

Kwon Crash

Published Jun 3, 2026, 12:11 PM UTC

Source: CryptoSource
- Grayscale is launching a Hyperliquid ETF on Nasdaq. Yes, you read that right. The same firm that once told us Bitcoin was a pyramid scheme is now packaging HYPE for your 401(k). They’re slashing fees to the floor, because apparently, they’ve realized charging 75 basis points for exposure to a DEX aggregator is just bad business. It’s not innovation; it’s institutional surrender. While moonboys scream about decentralization, Wall Street turns the most volatile, leveraged derivative into another boring index fund. The irony is thick enough to cut with a cold wallet. At least the fees are low. Now we can all watch our liquidity get slowly drained by passive management costs. Enjoy the ride, folks.