Grayscale Files for HYPE Spot ETF with SEC
- Grayscale has filed a preliminary Form S-1 with the U.S. Securities and Exchange Commission (SEC) on March 20.
- The filing is for a spot exchange-traded fund (ETF) tied to Hyperliquid’s native token, HYPE.
- This move aims to introduce the HYPE token into U.S. markets through a Nasdaq listing.
Grayscale’s recent filing with the SEC marks a significant step towards launching a spot ETF linked to Hyperliquid’s HYPE token, potentially expanding its market reach in the U.S.
By targeting a Nasdaq listing, Grayscale aims to make the HYPE token more accessible to investors, reflecting its strategy of broadening digital asset offerings through regulated channels. (Source)
