Grayscale Files for Hyperliquid ETF as Institutional Interest in DeFi Grows

Grayscale has officially filed with the U.S. Securities and Exchange Commission (SEC) to launch the Grayscale HYPE ETF, intended to trade on the Nasdaq under the ticker GHYP. The fund provides exposure to the Hyperliquid ecosystem, which is currently seeing a surge in trading volumes linked to global geopolitical volatility. In the spot market, the Hyperliquid (HYPE) token is currently trading near the $40 level as investors react to the filing news. However, the token price is facing significant technical resistance levels between $43 and $44.6, which may cap immediate gains. The filing marks a strategic expansion for Grayscale into the DeFi sector, moving beyond core assets like Bitcoin and Ethereum. It reflects a growing institutional appetite for on-chain protocols that offer resilience during periods of macro uncertainty. If approved, the ETF could channel significant institutional liquidity into the Hyperliquid network, further solidifying its market position.