Grayscale has filed a Kind S-1 registration assertion with the USA Securities and Change Fee to launch the Grayscale HYPE ETF.
The product will observe the value of HYPE (internet of charges) and may additionally incorporate staking rewards, topic to circumstances. The fund intends to be listed on NASDAQ and can carry the ticker GHYP.
Grayscale information S-1 for HYPE ETF
— unfolded. (@cryptounfolded) March 20, 2026
The transfer comes as Hyperliquid attracts growing curiosity from contributors in conventional finance. Simply this week, the S&P 500 Dow Jones Indices licensed the S&P 500 index to Hyperliquid-based Commerce.xyz change for perpetual contracts on the DEX, making it the primary such contract powered by institutional-grade index information.
The decentralized cryptocurrency change was additionally intently adopted through the first days of the struggle between the US, Israel, and Iran, serving as a major supply of knowledge on oil pricing throughout weekend buying and selling hours when typical exchanges have been closed. Open curiosity on oil-related markets on Hyperliquid’s HIP-3 exceeded $1.4 billion.
In fact, the S-1 submitting is way from a assure of approval, nevertheless it does sign intent and permits regulators to start reviewing the providing. If it’s accepted, the GHYP ETF will present conventional traders with a technique to get uncovered to the Hyperliquid ecosystem with out having to work together with the crypto infrastructure in any respect – just like how BTC and ETH ETFs work for the time being.
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