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 ³ Artemis, Hyper Foundation, as of April 2026. ⁴ Largest crypto-focused asset manager based on AUM as of 03/31/2026. For other companies in this category, AUM is considered as of most recent public disclosure. This information must be preceded or accompanied by a current Grayscale Hyperliquid Staking