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Grayscale advances Hyperliquid ETF proposal, boosting institutional interest in HYPE token.

Market News
12 May 2026
UToday
View Source
Bullish
pluang ai news

Grayscale Investments filed an amendment to advance its proposed Hyperliquid ETF, aiming to offer investors direct exposure to the HYPE token without holding it themselves. The ETF could include staking features if approved by U.S. regulators, potentially increasing returns. This move signals Hyperliquid's shift from a niche platform to a major institutional player, with HYPE ranking among the top ten digital assets by market cap. Other firms like Bitwise and 21Shares are also developing competing HYPE products, highlighting growing Wall Street interest in Hyperliquid.

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