📁 The management company #Grayscale submitted an application to the SEC of the USA using form S-1 to launch a spot exchange fund based on the native token of DEX Hyperliquid — $HYPE . The product is planned to be listed on Nasdaq under the ticker GHYP.

Like other instruments of the firm, the ETF will use Coinbase Custody as a custodian and data from CoinDesk Benchmark prices. The application does not provide for staking $HYPE .