Grayscale Pursues Nasdaq Listing for Hyperliquid ETF

Grayscale, a leading cryptocurrency asset management firm, has submitted a proposal to launch a spot exchange-traded fund (ETF) that mirrors the price movements of the Hyperliquid token.

The proposed ETF, which would be traded on the Nasdaq stock exchange under the ticker symbol 'GHYP', is the latest development in Grayscale's efforts to bring cryptocurrency-based products into traditional financial markets.