TechFlow News: On March 21, according to The Block, Grayscale filed an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) on Friday, seeking approval to list the Grayscale HYPE ETF. This ETF would track Hyperliquid’s native token, HYPE, and if approved, would trade on the Nasdaq under the ticker symbol GHYP.
Consistent with other Grayscale funds, this ETF will be custodied by Coinbase Custody and will use CoinDesk benchmark pricing data. The filing also notes that HYPE staking functionality is currently not permitted, though there remains a possibility of meeting “staking eligibility criteria” in the future.
Grayscale is not the first institution to file an application for a HYPE-related fund; 21Shares and Bitwise both submitted similar applications at the end of last year.
