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.
Forecast Trend Report by Period
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.
YM Lee
20min@bloomingbit.ioCrypto Chatterbox_ tlg@Bloomingbit_YMLEE