Key Takeaways
- • Grayscale Investments launched the Grayscale XRP Trust ETF (ticker: GXRP) on NYSE Arca, providing institutional and retail investors with direct passive exposure to XRP, one of the oldest public blockchains in the digital asset ecosystem.
- • Grayscale also launched a Hyperliquid staking ETF (ticker: HYPG) on Nasdaq with a 0.29% sponsor fee, positioning it as the lowest-fee U.S. Hyperliquid ETF and undercutting competing offerings from 21Shares and Bitwise.
- • The firm expanded its digital asset ETF suite with additional products including a Hyperliquid Staking ETP and an Avalanche staking ETF (GAVA) on Nasdaq, demonstrating strategic diversification across multiple blockchain protocols and staking opportunities.
- • Grayscale continues to reinforce its market position as the world's largest digital asset-focused investment platform through product innovation and competitive fee structuring across multiple asset classes and blockchain networks.
Summary
Grayscale Investments announced the launch of the Grayscale XRP Trust ETF (GXRP) on NYSE Arca, marking a significant expansion of the firm's digital asset ETF offerings. The fund provides solely passive exposure to XRP, with an investment objective to reflect the value of XRP held by the fund net of expenses. The XRP Ledger is characterized as one of the oldest and most resilient public blockchains in the industry. The product has been certified for listing and registration by NYSE Arca under the Exchange Act of 1934.
Concurrent with the XRP launch, Grayscale introduced a Hyperliquid staking ETF (ticker: HYPG) on Nasdaq, charging a 0.29% sponsor fee—the lowest fee structure available for U.S. Hyperliquid ETFs. This pricing undercuts rival offerings from competing providers 21Shares and Bitwise. Hyperliquid, launched in 2024, has emerged as one of the most advanced decentralized blockchains in the industry, and the protocol is specifically designed to power 24/7 markets with staking participation opportunities.
The firm also expanded its product ecosystem with the launch of the Grayscale Avalanche staking ETF (GAVA) on Nasdaq, adding to its growing roster of staking-focused digital asset products. Grayscale has emphasized that investments in these products, particularly GAVA, are subject to significant risk and high price volatility inherent to digital asset markets.
These launches reflect Grayscale's strategic positioning as the world's largest digital asset-focused investment platform, leveraging competitive fee structures and product diversification across multiple blockchain protocols to capture institutional and retail investor demand for regulated digital asset exposure. The firm's approach emphasizes passive index-based strategies with transparent fee structures designed to compete directly in an increasingly competitive digital asset ETF marketplace.
Concurrent with the XRP launch, Grayscale introduced a Hyperliquid staking ETF (ticker: HYPG) on Nasdaq, charging a 0.29% sponsor fee—the lowest fee structure available for U.S. Hyperliquid ETFs. This pricing undercuts rival offerings from competing providers 21Shares and Bitwise. Hyperliquid, launched in 2024, has emerged as one of the most advanced decentralized blockchains in the industry, and the protocol is specifically designed to power 24/7 markets with staking participation opportunities.
The firm also expanded its product ecosystem with the launch of the Grayscale Avalanche staking ETF (GAVA) on Nasdaq, adding to its growing roster of staking-focused digital asset products. Grayscale has emphasized that investments in these products, particularly GAVA, are subject to significant risk and high price volatility inherent to digital asset markets.
These launches reflect Grayscale's strategic positioning as the world's largest digital asset-focused investment platform, leveraging competitive fee structures and product diversification across multiple blockchain protocols to capture institutional and retail investor demand for regulated digital asset exposure. The firm's approach emphasizes passive index-based strategies with transparent fee structures designed to compete directly in an increasingly competitive digital asset ETF marketplace.
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