Grayscale Files for HYPE ETF on Nasdaq
- Grayscale has submitted an S-1 registration for a HYPE ETF to be listed on Nasdaq under the symbol GHYP.
- The ETF aims to track the value of Hyperliquid’s native token, with potential future inclusion of staking rewards.
- Hyperliquid has processed approximately $191.4 billion in perpetual volume over the past 30 days, with open interest near $7 billion.
- The network is described as a fully onchain order book venue focused on perpetual futures and spot markets.
- HYPE’s price is around $39, down 0.6% today but up about 45% since late February.
Trading Analysis
Trading Signal: BULLISH (Score: +7)
The significant increase in trading volume and price appreciation indicates strong market interest and momentum.
Price Levels:
Current: $39
Support: Not specified | Resistance: Not specified
Recent Range: Not specified
Catalysts & Timeline:
• Near-term: Expansion into S&P 500 perpetual market
The filing of Grayscale’s HYPE ETF highlights growing interest in Hyperliquid, with its network processing significant trading volumes and HYPE showing a bullish trend at $39, up significantly since February.
Source (3.2)https://cryptobriefing.com/grayscale-hype-etf-launch/?rand=59535
