Grayscale filed an S-1 registration statement with the U.S. Securities and Exchange Commission on May 1 (local time) for its Hyperliquid-based spot exchange-traded fund, the Grayscale Hyperliquid Staking ETF, advancing the Nasdaq listing process. The filing aims to provide investors with a cost-effective and convenient investment vehicle for HYPE, Hyperliquid's native coin. This submission continues Grayscale's expansion of crypto ETF offerings following previous filings for other digital asset products.
Grayscale Changes Trust Name to Include Staking
According to the SEC disclosure, the trust name was changed from "Grayscale HYPE ETF" to "Grayscale HYPE Staking ETF" on May 26. The ETF is structured to hold HYPE, the native token of the Hyperliquid network. Grayscale stated the product is "designed to provide investors with a cost-effective and convenient investment vehicle for HYPE."
Anchorage Digital Bank Named Custodian with BNY Mellon as Administrator
Anchorage Digital Bank N.A. will serve as the custodian for the ETF. The Bank of New York Mellon (BNY Mellon) will participate as the administrator and transfer agent. West Capital Advisors LLC will provide advisory services related to Hyperliquid.
Grayscale Plans HYPG Ticker on Nasdaq Pending Requirements
Grayscale disclosed plans to list the ETF on Nasdaq under the ticker symbol "HYPG" upon approval. The company added that "HYPE must meet Nasdaq listing requirements, and trading will not commence until all listing standards are confirmed."
FAQ
What did Grayscale file with the SEC on May 1?
Grayscale filed an S-1 registration statement with the U.S. Securities and Exchange Commission on May 1 (local time) for the Grayscale Hyperliquid Staking ETF, a spot exchange-traded fund based on Hyperliquid's native token HYPE.
When did Grayscale change the trust name for its Hyperliquid ETF?
Grayscale changed the trust name from "Grayscale HYPE ETF" to "Grayscale HYPE Staking ETF" on May 26, according to the SEC disclosure.
Who will serve as custodian for Grayscale's Hyperliquid ETF?
Anchorage Digital Bank N.A. will serve as the custodian, while BNY Mellon will act as administrator and transfer agent, and West Capital Advisors LLC will provide Hyperliquid-related advisory services.
