Grayscale Investments（灰度） submitted Form 8-A12B to the SEC on May 27 to complete the final securities registration steps for its Hyperliquid-related ETF before it begins trading on Nasdaq. The ETF ticker is confirmed as GHYP. Crypto.news reports that trading is expected to start within 1 to 4 days after the filing.
Form 8-A12B application details confirmed by Grayscale and the listing timeline
Form 8-A12B is the standard procedure step for final securities registration before listing on Nasdaq under the 1934 Securities Exchange Act. Grayscale’s confirmed timeline is: it submitted the S-1 registration statement on May 21, 2026 (outlining the fund’s initial structure), and submitted the 8-A12B form on May 27, 2026 (completing the final securities registration).
Crypto.news confirms that the ETF ticker is GHYP, and trading is expected to begin on Nasdaq within 1 to 4 days after the 8-A filing. The SEC has not yet issued a decision approving the final listing application for GHYP, and the review process is still underway.
Confirmation design mechanism for the staking feature and SEC’s historical review background
Grayscale confirmed in the name change that the ETF plan will generate additional token rewards through participation in Hyperliquid’s PoS network validation mechanism. A staking ETF differs by design from traditional ETFs that only track an asset’s price; the reward sources include network validation incentives.
Crypto.news reports that this type of staking ETF also introduces technical risks related to network slashing and validator performance. The SEC has a history of stricter scrutiny for staking-related products, mainly focusing on two areas: securities classification and investor protection.
Common questions
What legal procedural milestone does the filing of Form 8-A12B represent for GHYP?
According to the SEC’s standard process, Form 8-A12B is a standard step for final securities registration under the 1934 Securities Exchange Act before listing on Nasdaq. It typically means the issuer is preparing directly for public trading. Crypto.news confirms that trading is expected to begin within 1 to 4 days after the filing.
How are staking rewards for Grayscale’s Hyperliquid Staking ETF generated?
According to Grayscale’s confirmation, the ETF plan will use Hyperliquid’s PoS mechanism to generate staking rewards by participating in network validation, providing holders with additional token incentives so holders don’t need to run validator nodes themselves. Crypto.news also confirms that this type of staking ETF introduces technical risks related to network slashing and validator performance.
Has GHYP currently received final approval from the SEC?
As of May 27, 2026, Grayscale has completed the 8-A12B final securities registration step, but the SEC has not yet made a decision approving the final listing application for GHYP, and the review process is still underway.
