Grayscale Hyperliquid Staking ETF (HYPG) is a spot Hyperliquid exchange-traded fund from Grayscale, trading on US markets under the ticker HYPG. Each share currently trades at $27.05, up 3.13% over the past 24 hours. Across its all-time range, HYPG has moved between $18.47 and $28.75.
As a spot ETF, HYPG's share price closely follows the market value of the Hyperliquid the fund holds, minus its annual management fee. The chart above shows HYPG price history at 5-minute resolution, so you can see intraday moves alongside longer-term performance (+38.36% over 7 days, +29.18% over 30 days). Each share represents a fractional claim on the fund's Hyperliquid holdings, and authorised participants create or redeem shares to keep the market price aligned with the fund's net asset value (NAV).
Buying HYPG is different from buying Hyperliquid on a crypto exchange. With the ETF you never hold the underlying coins yourself — the fund's custodian does — so there are no wallets, seed phrases or withdrawal risks to manage. In exchange, you pay the fund's management fee and can only trade during US market hours. Holding Hyperliquid directly gives you 24/7 trading and full self-custody, but shifts all the security and storage responsibility onto you. Many investors choose HYPG specifically because it fits inside a normal brokerage or tax-advantaged account.
HYPG is a spot ETF, meaning it holds Hyperliquid directly rather than tracking Hyperliquid futures contracts. A futures-based ETF gets its exposure from derivative contracts that must be rolled over as they expire, which can create tracking error and extra costs over time. Because HYPG holds the underlying Hyperliquid, its share price tends to follow the spot market more closely, without the roll costs that can weigh on futures-based products.
HYPG trades on a US stock exchange during regular market hours, while Hyperliquid itself trades around the clock. When Hyperliquid moves significantly overnight or over a weekend, HYPG can open at a noticeably different price than it closed at — a "gap." This is normal for any crypto ETF and is one reason the 5-minute chart and the all-time range above are useful for understanding how HYPG actually behaves day to day.
HYPG is one of several US-listed spot Hyperliquid ETFs. Compare it with the other funds tracking Hyperliquid:
| Ticker | Fund | Price |
|---|---|---|
| HYPG | Grayscale Hyperliquid Staking ETF | $27.05 |
| Bitwise Hyperliquid ETF | $42.55 | |
| 21Shares Hyperliquid ETF | $44.00 |
Grayscale Hyperliquid Staking ETF (HYPG) is a US-listed spot Hyperliquid ETF issued by Grayscale. It gives investors regulated exposure to Hyperliquid price through a standard brokerage account, without holding Hyperliquid directly.
HYPG currently trades at $27.05, up 3.13% over the past 24 hours. Prices on this page update from market data in real time.
HYPG tracks the market value of the Hyperliquid held by the fund, minus management fees, so its share price moves closely with Hyperliquid. The key difference is timing: Hyperliquid trades 24/7, but HYPG only trades during US stock-exchange hours, so its price can gap at the open to catch up with moves that happened overnight or over the weekend.
Prices and statistics on this page are derived from market data tracked by CryptoETF.today and are for informational purposes only. This is not investment advice. Verify fund details, fees and holdings on the issuer's official page before investing.
HYPG can be bought through any brokerage that offers US-listed ETFs — you search for the ticker HYPG, place an order, and the shares settle like any stock. To follow performance afterwards, add HYPG to a free portfolio on CryptoETF.today: record your buys and sells, and the portfolio automatically tracks your average cost, current value and realised/unrealised profit.
Yes. HYPG is a spot Hyperliquid ETF — its value tracks the price of Hyperliquid held by the fund, rather than futures contracts, which avoids the roll costs that can drag on futures-based products.
Like all ETFs, HYPG charges an annual management fee (expense ratio) that is deducted gradually from fund assets rather than billed separately. For the exact current rate, check Grayscale's official fund page.
Because HYPG is a regular exchange-listed security, it can typically be bought and held in the same brokerage and tax-advantaged accounts (such as US IRAs) that support other ETFs — something that is harder to do when holding Hyperliquid directly.
HYPG is issued by Grayscale.
You can follow the live HYPG price and interactive chart on this page and add HYPG to a free portfolio on CryptoETF.today to track holdings, average cost and profit/loss.