Grayscale Files Fifth Amended Registration for Hyperliquid Staking ETF
Summary
- Grayscale filed a fifth amended registration statement to launch the Hyperliquid Staking ETF.
- The filing keeps the ETF ticker as HYPG and maintains plans to use about 2 million HYPE as initial seed assets.
- Those seed assets are currently worth about $130 million, while the ETF management fee still has not been disclosed.
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Grayscale is continuing its push to launch an exchange-traded fund based on Hyperliquid.
Bloomberg Intelligence ETF analyst James Seyffart said on May 30 that Grayscale had filed Amendment No. 5 for the Hyperliquid Staking ETF.
The amended filing keeps the proposed ticker as HYPG. It also maintains plans to use about 2 million Hyperliquid tokens, or HYPE, as initial seed assets, worth about $130 million at current prices.
The ETF's management fee was not disclosed in the latest filing. "Still no fee field visible," Seyffart wrote.
The amendment appears to follow paperwork submitted a day earlier. In a separate post, Seyffart said it looked like a response to minor comments from the US Securities and Exchange Commission, as well as wording and formatting changes. He said he did not see any notable substantive revisions.
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