Grayscale Hyperliquid Staking ETF ("HYPG or the "Fund"), an exchange traded product, is not registered under the Investment Company Act of 1940 ("40 Act") and therefore is not subject to the same regulations and protections as 40 Act registered ETFs and mutual funds. Investing involves risk, including possible loss of principal. An investment in HYPG is subject to a high degree of risk and volatility. HYPG is not suitable for an investor that cannot afford the loss of the entire investment. An investment in the Fund is not a direct investment in HYPE. ¹ Lowest fee based on gross management fee of 0.29%. Brokerage fees and other expenses may apply. ² Source: Artemis, as of April 2026 This information must be preceded or accompanied by a current Grayscale Hyperliquid Staking ETF prospectus, which may be obtained by clicking below. Please read the prospectus carefully before investing: Staking Risk. When the Fund stakes HYPE, HYPE is subject to the risks attendant to staking generally. Staking requires that the Fund lock up HYPE for the period of time required by the staking protocol, meaning that the Fund cannot sell or transfer the staked HYPE, thereby making it illiquid for the period it is being staked. Staked HYPE is also subject to security breaches, network downtime or attacks, smart contract vulnerabilities, and validator or custodian failure or compromise, which can result in a complete loss of the staked HYPE or a loss of any rewards. Potential staking rewards are earned by the Fund and not issued directly to investors Foreside Fund Services, LLC is the Marketing Agent for the Fund.

Grayscale Hyperliquid Staking ETF (Ticker: $HYPG), the $HYPE ETP with the lowest gross management fee in the U.S.¹, starts trading tomorrow. $HYPE is the asset powering 24/7 onchain markets, with @HyperliquidX driving trillions in perpetual trading volume² Direct $HYPE exposure and staking. In your brokerage account tomorrow. Hyperliquid.

Grayscale and VanEck Update BNB ETF Filings Amid Active SEC Review Bloomberg ETF analyst James Seyffart said Grayscale has filed a second amended S-1 for its spot BNB ETF, suggesting the issuer may be advancing the application based on SEC feedback. On the same day, VanEck filed its fifth amended prospectus for a BNB ETF, while Canary Capital submitted its first amended filing for a Staked TRX / Tron ETF. T. Rowe Price also filed a fourth amendment for its actively managed crypto ETF, indicating that the SEC’s review of multiple crypto ETF applications remains ongoing. Source:

grayscale filed to convert its zcash trust (ZCSH) into a spot ETF 48 hours after the CLARITY Act cleared senate banking committee 15-9. ZCSH currently trades at a 7% discount to NAV. grayscale has converted 10 crypto trusts to ETFs with a 100% success rate since jan 2024. the GBTC discount closed for 20-30% gains on conversion. ZEC market cap is $760m with 16.8m circulating supply. if ETF approval follows the same 6-12 month timeline and triggers even a fraction of the supply compression BTC saw (exchange supply dropped 12% in 90 days post-ETF), the float dynamics on a coin this small get violent. first privacy coin ETF globally. the trust discount is the cleanest entry if you have conviction on approval odds

Grayscale welcomes the Senate Banking Committee’s advancement of the Clarity Act, an important milestone in the effort to modernize the regulatory framework for digital assets. For investors and market participants, clear market structure rules can help reduce uncertainty, improve accountability, and support more durable participation in the asset class. Congratulations to all the Senators and staffers who have worked tirelessly to get to this critical milestone. We appreciate the bipartisan work that helped bring the legislation to this point and look forward to continued progress toward a framework that gives digital assets a stronger foundation in U.S. markets.