Grayscale Seeks SEC Approval for Hyperliquid Ecosystem ETF

Grayscale has submitted an application with the US Securities and Exchange Commission to launch a spot exchange-traded fund (ETF) tied to the Hyperliquid ecosystem. The proposed fund, which would track the price of the HYPE token, would trade under the ticker GHYP on Nasdaq if approved.

The move reflects growing interest in translating decentralized trading infrastructure into listed investment products. As institutional investors seek exposure beyond Bitcoin and Ethereum, ETF issuers are moving beyond core crypto assets into infrastructure tokens tied to trading activity.