Grayscale to Secure $115M HYPE Tokens as Seed Capital for Hyperliquid Staking ETF

HYPE2.85%
According to FinanceFeeds, Grayscale is planning to transfer approximately 2 million HYPE tokens (valued at around $115 million) to Hyper Holdings Global LP in exchange for its proposed Hyperliquid Staking ETF shares to serve as seed capital before the fund's launch. The product will be renamed "Grayscale Hyperliquid Staking ETF" and is set to list on Nasdaq under the ticker HYPG. Unlike traditional spot ETFs that track token price movements, the fund will feature staking functionality.
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SuperNode2vip
· 37m ago
It's going to plummet.
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