Learn more about $HYPG and see important disclosures: https://t.co/WPBikIv0cC This information must be preceded or accompanied by a current Grayscale Hyperliquid Staking ETF ("HYPG or the "Fund") prospectus, which may be obtained by clicking below. Please read the prospectus carefully before investing: https://t.co/gGDQ5bffJi HYPG, 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. Token performance does not represent actual Grayscale product performance and actual performance may be lower than token performance. When the Fund stakes

This information must be preceded or accompanied by a current Grayscale Hyperliquid Staking ETF ("HYPG or the "Fund") prospectus, which may be obtained by clicking below. Please read the prospectus carefully before investing: https://t.co/gGDQ5bffJi HYPG, 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. Foreside Fund Services, LLC is the Marketing Agent for the Fund.

RT @CraigSalm: Just bought an Octopus' worth via $HYPG, the $HYPE ETP with the lowest gross management fee in the U.S.¹

@HyperliquidX @AWS @cerebras @tradexyz @IBKR @coinbase @krakenfx @RobinhoodApp @Kalshi @okx 15/ TLDR: @HyperliquidX broke the mold because it's no longer just narrative ↳ Real exchange economics ↳ Meaningful scale ↳ A path into broader derivatives Token economics tied to volume, stablecoin liquidity, revenue, and buybacks

14/ If ICE will help launch oil perps via another crypto exchange, the question isn't whether perpetual-style commodity products can exist It's who gets to offer them, under what rules, and on what infrastructure For @HyperliquidX, the long-term question: is non-custodial infrastructure treated differently from front-ends and registered venues?

@HyperliquidX @AWS @cerebras @tradexyz @IBKR @coinbase @krakenfx @RobinhoodApp @Kalshi 13/ Which is why the CME/ICE pressure campaign against Hyperliquid is worth watching They reportedly warned regulators that @HyperliquidX 24/7 commodity perps carry manipulation + sanctions risk Meanwhile ICE is partnering with @okx to launch Brent & WTI oil perps

@HyperliquidX @AWS @cerebras @tradexyz @IBKR @coinbase @krakenfx @RobinhoodApp @Kalshi 12/ Notably, new assets get case-by-case review - indicating a measured opening, not open season Near term it favors centralized, regulated venues But it sets precedent that perps can live inside US rules, which longer term could carve a lane for onchain perps too

11/ The core legal question has been classification: are perps futures, swaps, or something else? As of May 2026, the CFTC gave a partial answer, approving Kalshi's $BTC perp as a futures contract and laying out a framework for others Onshore perps on US-regulated venues are no longer a gray area

@HyperliquidX @AWS @cerebras @tradexyz @IBKR @coinbase 10/ That ambiguity is why @HyperliquidX geoblocks US users But it's shifting. @coinbase, @krakenfx, @RobinhoodApp, @Kalshi and others are all pushing compliant perp-like / event products in the US Direction of travel is moving towards clearer frameworks

@HyperliquidX @AWS @cerebras @tradexyz @IBKR @coinbase 9/ The US regulatory story is nuanced @HyperliquidX sits at the intersection of two US gaps: ↳ perpetual futures ↳ decentralized exchanges Perps have previously been hard to offer in the US because they didn't fit cleanly under the Commodity Exchange Act

@HyperliquidX @AWS @cerebras @tradexyz 7/The $USDC integration adds another leg USDC as the aligned quote asset = better liquidity + simpler collateral for users It also feeds $HYPE: reserve yield on $USDC balances can route into buybacks

@HyperliquidX 4/The bigger idea: @HyperliquidX as a platform for all of finance HyperCore = the trading engine HyperEVM = where devs build around that liquidity Think of it as the @AWS of liquidity, infrastructure others use to spin up markets