Grayscale submits S-1 for proposed Hyperliquid (HYPE) spot ETF on Nasdaq

Grayscale filed an S-1 on Friday for a proposed spot Hyperliquid ETF that would track HYPE and trade as GHYP on Nasdaq if approved. The filing names Coinbase as custodian and does not list a management fee, while noting staking rewards are not planned at launch but could be considered later under certain conditions.