Grayscale Files S-1 Registration Statement for New Hyperliquid ETF

Grayscale has filed an S-1 registration statement with the SEC to launch a new ETF called Grayscale HYPE, which will track the spot price of Hyperliquid's native token, HYPE. The proposed fund, trading under the ticker GHYP, would be listed on Nasdaq and held physical HYPE tokens.

The filing excludes staking rewards at launch but leaves room for future changes. This move is seen as another step in DeFi's integration into traditional finance, with analysts predicting that a hyperliquid ETF could channel new liquidity into permissionless markets and tokenized RWAs.