Grayscale HYPE ETF

S-1/A amended

S-1/A amended

The Grayscale HYPE ETF (Trust) filed an S-1/A registration statement to list its shares on NASDAQ under the symbol 'HYPG' following approval. The Trust, structured as a Delaware statutory trust, aims to track the value of HYPE, the native digital asset of the Hyperliquid Network, through a basket-based creation and redemption mechanism. Key updates include a proposed name change to 'Grayscale Hyperliquid Staking ETF' and expanded details on the Seed Capital Investor's role, potential contribution arrangements, and third-party service providers. The Trust emphasizes its non-regulated status under the Investment Company Act and Commodity Exchange Act, highlighting risks associated with digital asset volatility and regulatory uncertainty.

S-1/A amended

Grayscale HYPE ETF (the 'Trust') is a Delaware statutory trust issuing Shares representing ownership in HYPE, the native digital asset of the Hyperliquid Network. The Trust aims to mirror HYPE's value, including staking rewards, through an index price. It seeks listing on NASDAQ under 'GHYP' once HYPE meets eligibility criteria. The Trust is an emerging growth company with reduced reporting requirements. Key parties include Grayscale Investments Sponsors, LLC (Sponsor), CSC Delaware Trust Company (Trustee), The Bank of New York Mellon (Transfer Agent/Administrator), and Anchorage Digital Bank N.A. (Custodian).

S-1 filed

Grayscale HYPE ETF, a Delaware statutory trust, seeks to register an indeterminate number of Shares for continuous issuance and listing on NASDAQ under 'GHYP.' The Trust holds HYPE digital assets, with Shares designed to reflect HYPE's value, including staking rewards. The offering involves a Seed Capital Investor, authorized participants, and third-party service providers like Coinbase as prime broker and custodian. The Trust is not regulated under the Investment Company Act, and no public market exists for Shares prior to this offering.