Grayscale’s Hyperliquid ETF negotiating ‘seed’ investment of roughly $115 million in HYPE tokens
The Block
Grayscale is negotiating a $115 million seed investment in HYPE tokens for its proposed Hyperliquid Staking ETF.Summary
Grayscale has disclosed in an updated SEC filing that it is negotiating a seed investment for its proposed Hyperliquid ETF, potentially involving the exchange of shares for 2 million HYPE tokens. The investment, valued at approximately $115 million, is being discussed with an entity known as Hyper Holdings Global LP. Additionally, the filing outlines a rebranding of the fund to the "Grayscale Hyperliquid Staking ETF" under the ticker HYPG. This move follows the recent successful launches of HYPE-based ETFs by 21Shares and Bitwise, which have driven significant interest and trading volumes in the token.
(Source：The Block)