Grayscale is set to launch its new Hyperliquid ETF, trading under the ticker $HYPG, with a management fee of 0.29%. Although trading has not yet commenced, the ETF is expected to attract significant interest from investors. The launch follows the success of Grayscale's existing ETFs, $THYP and $BHYP, which have collectively garnered $141 million in net inflows. This new addition aims to expand Grayscale's offerings in the hyperliquid asset space.