Grayscale Moves Closer to Launch Hyperliquid ETF

Published by

Nidhi Kolhapur

May 23, 2026

A 3D silver and purple Hyperliquid (HYPE) token coin floating next to a green neon target board displaying a 50 dollar sign on a dark tech grid backdrop.

Grayscale Investments has filed a third amended S-1 form with the SEC for its proposed Hyperliquid ETF, according to Bloomberg ETF analyst James Seyffart. If approved, the fund would trade under the ticker GHYP and give investors exposure to the HYPE token through a regulated ETF structure. Seyffart said the repeated filings suggest issuers are moving closer to launch approval. The development matters because it signals growing institutional interest beyond Bitcoin and Ethereum, with multiple HYPE ETFs potentially competing in US markets soon.

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