Grayscale adds BitGo as custodian for Hyperliquid staking ETF
- —BitGo Bank & Trust added as an additional custodian for HYPG's HYPE tokens effective September 30, 2026
- —HYPG reported roughly $217.8 million in assets under management and 6.54 million shares outstanding
- —About 88.66% of fund assets are staked, generating average gross staking rewards of 2.26%
- —Management fee of 0.29% undercuts rival HYPE products THYP and BHYP by one basis point
Why it matters: Splitting custody across providers reduces single-counterparty risk and sets a precedent for HYPE ETFs competing on fees.
Source: Crypto Briefing