Grayscale Investments is set to launch its Hyperliquid Staking ETF on the Nasdaq Stock Exchange under the ticker GHYP. This ETF will track the price of the Hyperliquid (HYPE) token, which currently boasts a market capitalization exceeding $18 billion. Investors can expect potential staking rewards that have historically averaged between 2.2% and 2.3% annually. The ETF is positioned with a competitive gross management fee of 0.29%, making it an attractive option compared to existing HYPE-linked funds. Grayscale, a subsidiary of Barry Silbert's Digital Currency Group, is the largest cryptocurrency-focused asset manager globally. The HYPE token has garnered significant institutional interest, particularly following the launches of similar ETFs, and has demonstrated resilience in the market, surging over 180% year-to-date despite declines in major cryptocurrencies like Bitcoin and Ethereum. The token also provides governance rights and discounts on trading fees for its holders, further enhancing its appeal in the decentralized finance space.