Grayscale has officially submitted a filing to the U.S. Securities and Exchange Commission (SEC) for a new exchange-traded fund (ETF) focused on the Hyperliquid ecosystem. The proposed fund, named the Grayscale HYPE ETF, aims to provide investors with exposure to the native token and the broader infrastructure of the largest on-chain perpetuals decentralized exchange (DEX). If approved, the ETF is expected to trade on the Nasdaq stock exchange under the ticker symbol GHYP. This move marks a significant expansion for Grayscale as it seeks to offer investment products beyond major cryptocurrencies like Bitcoin and Ethereum. The filing reflects a growing institutional appetite for decentralized finance (DeFi) protocols and specialized on-chain derivatives platforms. While regulatory approval remains pending, the initiative could potentially bring substantial institutional liquidity to the Hyperliquid network.
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