Grayscale Negotiates $115M HYPE Token Investment for Hyperliquid Staking ETF

HYPE12.98%
According to The Block, Grayscale is negotiating with Hyper Holdings Global LP to acquire approximately 2 million HYPE tokens (approximately $115 million) as a seed investment in exchange for fund shares on May 29. The Hyperliquid ETF's updated filing reflects a name change from "Grayscale HYPE ETF" to "Grayscale Hyperliquid Staking ETF," with Nasdaq ticker HYPG. The fund now includes staking functionality.
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