Hyperliquid Gains Wall Street Momentum as Grayscale Updates HYPE ETF Proposal
The post Hyperliquid Gains Wall Street Momentum as Grayscale Updates HYPE ETF Proposal appeared on BitcoinEthereumNews.com. Grayscale Investments filed Amendment No. 2 to its Form S-1 registration statement with the United States Securities and Exchange Commission on May 11, 2026, to formally advance its proposed Hyperliquid ETF. Hyperliquid enters institutional stage As competition for altcoin ETF products heats up, institutional interest in Hyperliquid’s native token, HYPE, continues to grow, according to the updated filing. The proposed product, which is currently known as the Grayscale HYPE ETF, is intended to give investors direct exposure to HYPE tokens without requiring them to hold the asset themselves, according to the filing. By keeping actual HYPE tokens inside the fund structure, the trust would operate similarly to spot Ethereum and Bitcoin ETFs. You Might Also Like Ray Dalio: Bitcoin Fails as Safe Haven Can Toncoin (TON) Lose All Gains? Ethereum (ETH) $2,000 Plunge Is Pos