Grayscale's Hyperliquid ETF Set to Launch This Week
- Registration Update: Grayscale has updated its Hyperliquid ETF registration with a 0.29% management fee and the ticker HYPG, with trading expected to commence this week, indicating the company's strategic entry into the rapidly growing Hyperliquid market.
- Market Competition: The ETF's management fee is lower than 21Shares' THYP (0.30%) and Bitwise's BHYP (0.34%), reflecting Grayscale's strategy to attract investors amid fierce fee competition, potentially enhancing its market share.
- Capital Inflows: As of last month, HYPE-linked ETFs had accumulated over $132 million in net inflows, with combined inflows into 21Shares and Bitwise products approaching $140 million, indicating strong market demand for Hyperliquid products, which Grayscale's ETF is likely to capitalize on.
- Strategic Partnership: Grayscale is negotiating with Hyper Holdings Global LP over a seed transaction involving approximately 2 million HYPE tokens valued at about $115 million, which will provide funding support for the ETF's launch and enhance its competitive positioning in the market.
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Technical Analysis for RDNT
Technical Sentiment Analysis for Radiant Capital (RDNT). As of , Radiant Capital (RDNT) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 9 technical signals, shows that 5 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for RDNT stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, RDNT is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Radiant Capital (RDNT) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000577 | 0.000858 | 0.00117 | 0.00145 | 0.00176 | 0.00204 | 0.00235 |
| Fibonacci | 0.000858 | 0.00108 | 0.00122 | 0.00145 | 0.00168 | 0.00181 | 0.00204 |
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