#GrayscaleHYPEETF Hyperliquid ($HYPE) is back in focus after Grayscale officially launched its Hyperliquid Staking ETF (HYPG) on June 4, introducing the lowest management fee among HYPE spot ETFs at just 0.29% while offering an estimated 2.2% annual staking yield. Institutional demand is already showing signs of acceleration. HYPG recorded approximately $2.99M in net inflows on its first day, reinforcing growing interest in yield-generating crypto ETF products. Meanwhile, on-chain activity remains extremely bullish. A major whale identified as 0xb5E4 accumulated more than $40M worth of $HYPE through TWAP purchases across 10 wallets over the past three days. At the same time, three separate addresses withdrew 557,400 $HYPE, valued at roughly $41.53M, directly from Kraken and moved the tokens into staking. The combination of ETF demand, aggressive whale accumulation, and supply being locked into staking continues to strengthen the long-term bullish narrative around $HYPE. However, traders should closely monitor June 6, when approximately 9.92M $HYPE tokens worth around $684M will unlock, representing 2.54% of total supply. The market’s ability to absorb this new supply could become the next major catalyst for price direction. If post-unlock selling pressure remains limited while ETF inflows and staking demand continue to rise, $HYPE could maintain its leadership position among high-growth crypto assets this cycle. Key catalysts to watch: • HYPG ETF inflow momentum • $HYPE staking participation growth • Whale accumulation activity • June 6 unlock absorption • Potential breakout above recent highs With institutional capital entering through ETFs and millions of dollars worth of $HYPE moving into staking, the next few sessions could be critical for determining whether $HYPE extends its bullish trend. #GrayscaleHYPEETF @OKX Orbit $HYPE