Grayscale Seeks Hyperliquid ETF, Signaling Mainstream Interest
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Show Notes
Grayscales New ETF: A Spotlight on Hyperliquid HYPE
Grayscale has filed for a spot exchange-traded fund (ETF) tied to the Hyperliquid HYPE token, aiming to mirror its price moves. If approved, it would trade under the ticker GHYP on the Nasdaq, with Coinbase as the custodian. This move aligns Grayscale with Bitwise and 21Shares, who have also sought similar products. Hyperliquid, a go-to for perpetual futures trading, has seen weekly volumes ranging from forty to one hundred billion dollars. New rivals have emerged, but they still trail far behind in volume. The growing mainstream interest in Hyperliquid and its nonstop operations could reshape how investors tap into this fast-moving chain.
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