Grayscale is negotiating a $115 million seed swap with Hyper Holdings Global LP to launch the Grayscale Hyperliquid Staking ETF (ticker HYPG) on Nasdaq. Unlike a plain spot ETF, this fund will stake HYPE tokens to earn rewards, reflecting a shift towards more complex exposure to the Hyperliquid ecosystem. This move follows 21Shares' recent Hyperliquid ETFs and highlights growing Wall Street interest in on-chain derivatives. The deal, pending SEC approval, could reduce token supply on the market and support HYPE's price, which recently traded near all-time highs around $60-$62.
Hyperliquid's token HYPE has seen a price rally fueled by capital inflows from ETFs issued by Bitwise and 21Shares, with Bitwise's ETF trading $19 million daily and $100 million inflows over 10 days. Grayscale is preparing to launch a third Hyperliqu...
Cryptocurrency prices are fluctuating with Bitcoin holding around $73,281 and Ethereum near $2,000. Several altcoins such as Stellar (XLM) and Injective (INJ) have seen significant gains, rising over 10%. These mixed movements highlight ongoing volat...
Bitcoin dropped to its lowest level since early April after failing to break above $83,000, signaling a potential bear market with a pattern of lower highs since October. Despite this, US stock futures for the S&P 500 and Nasdaq 100 rose, nearing rec...
Hyperliquid's native token HYPE gained over 11% in the past day, outperforming major cryptocurrencies such as Bitcoin, Ethereum, Solana, and XRP, which showed minimal gains. Despite a general decline in derivatives trading volume for top cryptos, HYP...
Grayscale has submitted a fourth amendment for its proposed Hyperliquid ETF, HYPG, including a potential $113 million seed capital arrangement involving about 2 million HYPE tokens. This move signals progress toward launching the ETF despite Grayscal...
