Grayscale Hyperliquid Staking ETF to Begin Trading on Nasdaq
Grayscale Investments said its exchange-traded fund tracking the Hyperliquid token will start trading Wednesday under the ticker GHYP. The fund will offer price exposure and staking rewards with a 0.29 percent gross management fee.
BenzingaGrayscale Investments said its exchange-traded fund tracking the price of the Hyperliquid token will begin trading on the Nasdaq Stock Exchange on Wednesday. The fund, named the Grayscale Hyperliquid Staking ETF, will list under the ticker GHYP. It will provide exposure to the token's price performance and potential staking rewards that have historically averaged between 2.2 percent and 2.3 percent annually.
The ETF carries a gross management fee of 0.29 percent, which the company described as lower than existing HYPE-linked funds. The token has a market capitalization of more than $18 billion. Grayscale Investments is the world's largest cryptocurrency-focused asset manager and a subsidiary of Digital Currency Group.
Barry Silbert founded Digital Currency Group and returned last year as chair of Grayscale's board.
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