Grayscale HYPE ETF Filing Brings Hyperliquid Rally Into Focus

Grayscale HYPE ETF Filing Brings Hyperliquid Rally Into Focus
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Key Insights

HYPE ETF filing keeps Grayscale in the Hyperliquid fund race.
Grayscale may add staking rewards if regulators allow the structure.
HYPE pulled back near $55 after hitting a record high above $62.

Grayscale’s HYPE ETF push has added fresh momentum to the race for listed Hyperliquid exposure. Bloomberg ETF analyst James Seyffart said Grayscale filed another amended registration statement for the proposed fund, with the reported ticker set as GHYP.
The update landed as HYPE traded near $55 after a sharp pullback from its May 21 record above $62. Hyperliquid crypto ranked tenth by market value, with a market cap of nearly $14.1 billion and a 24-hour volume of over $1.2 billion.
HYPE ETF Filing Moves Grayscale Deeper Into Altcoin ETFs
The Grayscale HYPE ETF proposal would give investors indirect exposure to HYPE through a regulated trust structure.
The US SEC filings describe the trust as a Delaware statutory trust that holds HYPE, the native asset of the Hyper

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