💥💥 Grayscale Investments files an ETF application for HYPE — marking a new expansion step in the ETF race towards DeFi

🔥 HYPE's token directly benefits as Hyperliquid experiences a liquidity surge, with weekly derivatives volume reaching up to 40–100B USD.

📈 Clear narrative:

✅ ETF = gateway to institutional capital

✅ On-chain perps = demand for trading 24/7

✅ Macro volatility = growth catalyst

📌 If the ETF is approved, HYPE could become the next case study after BTC & ETH in the wave of institutional adoption.