BitcoinWorld

Grayscale Hyperliquid ETF Filing: A Strategic Move That Could Reshape Crypto Markets

In a significant development for digital asset markets, Grayscale Investments has formally filed an S-1 registration statement with the U.S. Securities and Exchange Commission for a spot Hyperliquid Exchange-Traded Fund. This pivotal filing, reported by Cointelegraph on April 2, 2025, signals a major escalation in the institutional race to offer regulated crypto investment products. The proposed fund, with the ticker “GHYP,” would hold the native HYPE token directly, with Coinbase Custody Trust Company serving as the custodian. Consequently, this move places Grayscale alongside asset managers Bitwise and 21Shares, who have previously…