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Crypto

HYPE spot ETF three-way race takes shape as Grayscale nears Nasdaq listing

Grayscale’s Hyperliquid (HYPE) spot exchange-traded fund is expected to list as early as this week. Bloomberg Intelligence ETF analyst James Seyffart said the annual sponsor fee for the Grayscale Hyperliquid Staking ETF was confirmed at 0.29 percent. The ticker is HYPG and it is preparing for a Nasdaq listing. Rival HYPE spot ETFs from Bitwise and 21Shares have already listed, with fees of 0.34 percent and 0.30 percent.

Crypto

Coinbase CLO says lawmakers cannot back CLARITY and oppose stablecoin rewards

Coinbase has publicly pressed the U.S. Congress to clarify whether stablecoin rewards will be allowed. Paul Grewal, Coinbase’s chief legal officer, said lawmakers who support the CLARITY Act should also oppose proposals to ban stablecoin rewards. The dispute centres on a Senate compromise that would bar passive yield on stablecoin balances while permitting limited activity-based rewards. Grewal said deposit-flight claims are theoretical, and a White House report estimated a minimal lending impact.

Crypto

Morgan Stanley launches MSBT bitcoin spot ETF with 0.14 percent fee

Morgan Stanley began trading its bitcoin spot exchange-traded fund, MSBT, on April 8 local time, offering a 0.14 percent total fee, below BlackRock’s iShares Bitcoin Trust (IBIT) at 0.25 percent. Analysts said IBIT still leads in assets and liquidity, but Morgan Stanley’s large wealth management distribution network could redirect new inflows. The launch underscores rising fee sensitivity as competition intensifies in the bitcoin spot ETF market.