Grayscale Submits Nasdaq S-1 for Hyperliquid (HYPE) ETF as Token Reaches $10.1B Cap

Grayscale has submitted an S-1 registration statement for a Hyperliquid (HYPE) ETF intended to list on Nasdaq under the ticker GHYP. The filing comes as HYPE moves into the crypto top 10 with a $10.1B market cap, while the token was quoted at $39.62 with an 8% weekly gain at the time of writing.