The race to bring ETFs tied to Hyperliquid to U.S. markets is heating up after Grayscale Investments reportedly filed another amended registration statement for its proposed Hyperliquid ETF, according to Bloomberg ETF analyst James Seyffart. The proposed fund is expected to trade under the ticker GHYP, adding fresh momentum to a growing wave of altcoin-focused ETF launches.
The filing update arrived as HYPE traded near $55, retreating from its May 21 all-time high above $62. Despite the pullback, the token remains among the largest crypto assets by market capitalization, with a valuation nearing $14.1 billion and 24-hour trading volume surpassing $1.2 billion. The latest amendment suggests Grayscale is continuing discussions with regulators as issuers push beyond spot Bitcoin and Ethereum products into newer blockchain ecosystems with strong trading activity.
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