Grayscale Hyperliquid Staking ETF

Frequently Asked Questions About HYPG

What does HYPG invest in?

HYPG aims to deliver exposure to HYPE, the native token of the Hyperliquid protocol, including its potential staking rewards, less fees, and expenses. Hyperliquid is a high-performance and transparent blockchain that is operating at meaningful scale across trading volume, fees, and open interest compared to centralized exchanges. The spot price of HYPE is defined by market participants across multiple constituent exchanges for the most representative spot price. Each exchanges contribution is weighted by its trailing 24-hour trading volume with adjustments for price variance and inactivity. The index methodology and data for this spot price calculation can be found on coindesk.com/indices.

What is the expense ratio of HYPG?

Grayscale Hyperliquid Staking ETF (HYPG) charges an expense ratio of 0.29%. This is the annual fee deducted from fund assets to cover management and operations.

How big is HYPG?

Grayscale Hyperliquid Staking ETF (HYPG) manages $173.9M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is HYPG actively managed or an index fund?

HYPG's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was HYPG launched?

Grayscale Hyperliquid Staking ETF (HYPG) launched in June 2026 and is managed by Grayscale.

How has HYPG performed?

HYPG's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.