Grayscale sets 0.29% fee for its Hyperliquid ETF, undercutting Bitwise and 21Shares

Grayscale's new Hyperliquid ETF, debuting with a sponsor fee of just 0.29%, is a strategic move to undercut competitors like Bitwise and 21Shares, positioning itself more competitively in the crowded crypto ETF market. This lower fee could attract more investors looking for cost-effective access to Bitcoin exposure. With Grayscale's substantial influence in the crypto space, this move signals a significant shift in the competitive landscape for Bitcoin ETFs and could spur further innovations and lower fees across the sector.