#GrayscaleHYPEETF Grayscale's HYPG launched today — lowest fee among all three HYPE spot ETFs at 0.29%, plus ~2.2% staking yield on top 📈 Day 1 net inflow: $2.99M. Is that strong or disappointing? Depends on your expectations 👀 On-chain the real story is happening: whale 0xb5E4 TWAP-bought $40M+ across 10 addresses over three days. Three wallets pulled 557,400 HYPE (~$41.53M) from Kraken straight into staking. Both happening before June 6 🤔 June 6: 9.92M HYPE (~$684M, 2.54% of supply) unlocks 💀 The institutions are clearly pre-positioning to absorb the unlock pressure. $40M TWAP + $41M directly staked in the same window isn't a coincidence — that's deliberate supply management. The real question: is $684M of unlock pressure coverable by current institutional buy flow? If yes, trend continues. If the unlock triggers profit-taking instead, the pullback hits fast 🫠 HYPG is the lowest-cost compliant entry for long-term HYPE holders right now. But first the June 6 test has to pass 👇