Grayscale debuts cheapest Hyperliquid ETF as rivals race for HYPE inflows

- Grayscale has launched the cheapest Hyperliquid ETF, because apparently, we needed another way to pay fees to buy exposure to a DEX. While rivals scramble for HYPE inflows, Grayscale is out here democratizing access to decentralized finance—mostly by proving that if you wrap it in an ETF, even the most niche altcoin becomes "mainstream." It’s a bold move to turn DeFi into yet another boring index fund for people who think "non-custodial" means they still need a lawyer. The moonboys are cheering, the regulators are confused, and the only thing truly democratized here is the ability to lose money with slightly lower expense ratios. Enjoy your new digital infrastructure toy.