HYPG – Grayscale Hyperliquid Staking ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks for the value of the Shares (based on HYPE per Share) to reflect the value of the HYPE held by the Trust, including HYPE earned as Staking Consideration (to the extent that the Staking Condition is satisfied and Staking is implemented), determined by reference to the index Price, less the Trust’s expenses and other liabilities. While an investment in the Shares is not a direct investment in HYPE, the Shares are designed to provide investors with a cost-effective and convenient way to gain investment exposure to HYPE.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
HYPG	Grayscale Hyperliquid Staking ETF	ETF	Open	—	—	Jun 2, 2026	$197.04M	0.290%	—	—	—

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