Grayscale Advances Proposed HYPE ETF With Third SEC Amendment
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Grayscale filed a third S-1 amendment with the SEC for a proposed Hyperliquid ETF under the GHYP ticker, signaling regulatory progress in the crypto ETF race for HYPE token exposure. The amendment adds potential HYPE staking rewards pending SEC and tax approval and, with HYPE trading near $55 amid growing competition and issuers expanding into DeFi beyond Bitcoin and Ethereum, points to improved adoption and potential ETF-driven demand.
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- Grayscale filed a third SEC amendment for its proposed HYPE ETF under the GHYP ticker.
- The updated filing added possible HYPE staking rewards pending SEC and tax approval.
- Hyperliquid ETF competition grows as HYPE trades near $55 after a recent market decline.
Grayscale Investments submitted another amended filing to the U.S. Securities and Exchange Commission for its proposed Hyperliquid exchange-traded fund, pointing to continued movement in the race to launch investment products tied to the HYPE token.
The latest amendment, which marks the third revision to the company’s S-1 registration statement, arrived as issuers continue expanding beyond Bitcoin and Ethereum-focused ETF products into newer areas of the digital asset market.
Bloomberg ETF analyst James Seyffart said the repeated amendments show active engagement between issuers and regulators as firms a…
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