Hyperliquid’s token is tanking as ETF investors flee, so why does Grayscale think it is massively undervalued?

Investors are withdrawing money from Hyperliquid-linked exchange-traded funds for the first time since the products launched. Data from SoSoValue shows that the three funds have recorded more than $13 million in net outflows in July, putting them on course for their first negative month after attracting about $280 million since inception. Nearly $27 million has [ ]