TechFlow News, May 29: According to The Block, Grayscale stated in its updated filing that it is negotiating with Hyper Holdings Global LP to acquire 2 million HYPE tokens in exchange for selling fund shares, as seed investment for its proposed Hyperliquid Staking ETF. Valued at Thursday’s price, this portion of HYPE tokens is worth approximately $115 million. The filing also indicates Grayscale’s intention to rename the fund from “Grayscale HYPE ETF” to “Grayscale Hyperliquid Staking ETF,” with its Nasdaq ticker symbol “HYPG.”
Earlier news: Grayscale submitted the final registration statement to the SEC for its GHYP spot Hyperliquid ETF.
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