Grayscale Plans Hyperliquid ETF Stake Sale for $115 Million in HYPE Tokens

Grayscale is reportedly in discussions with Hyper Holdings Global LP to sell shares of its proposed Hyperliquid ETF in exchange for approximately 2 million HYPE tokens, valued at around $115 million. According to ChainCatcher, this transaction is intended to serve as seed capital before the fund's listing. Additionally, Grayscale has renamed the product to 'Grayscale Hyperliquid Staking ETF' and plans to list it on Nasdaq under the ticker HYPG. The inclusion of a staking feature distinguishes it from a standard spot ETF that merely tracks token prices.