Grayscale Files Fifth Amended Registration for Hyperliquid Staking ETF
Summary
- Grayscale filed a fifth amended registration statement for the Hyperliquid Staking ETF.
- The ETF will keep the ticker 'HYPG' and retain about 2 million Hyperliquid tokens (HYPE) as its initial seed assets.
- The holdings are estimated to be worth about $130 million, but the ETF's management fee still has not been disclosed.
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Grayscale is pressing ahead with plans to launch an exchange-traded fund tied to Hyperliquid.
Bloomberg Intelligence ETF analyst James Seyffart said on May 30 that Grayscale had filed Amendment No. 5 for the Hyperliquid Staking ETF.
The filing keeps the proposed ticker as HYPG. It also preserves plans to use about 2 million Hyperliquid tokens, or HYPE, as initial seed assets, worth roughly $130 million at current prices.
The ETF's management fee was not disclosed in the latest amendment. "Still no fee in sight," Seyffart wrote.
The filing appears to follow documents submitted a day earlier. In a separate post, Seyffart said it looked like a response to minor comments from the U.S. Securities and Exchange Commission, as well as wording and formatting revisions, with no notable substantive changes.
