Gate News message, April 20 — Grayscale has submitted amendment #1 of its S-1 registration application to the U.S. Securities and Exchange Commission (SEC) for a spot exchange-traded fund (ETF) based on HYPE, the native token of the Hyperliquid ecosystem. The proposed Grayscale HYPE ETF aims to provide investors direct exposure to HYPE through a Delaware-based trust that will hold HYPE tokens directly.
If approved, the ETF will trade on Nasdaq under the ticker symbol “GHYP”. ETF shares can be created and redeemed in blocks of 10,000 baskets through authorized participants, with transactions available in both HYPE tokens and cash. Anchorage Digital Bank will provide custody services, while Bank of New York Mellon will handle transfer and administrative functions. The fund may also include staking income in its performance under certain conditions.
The ETF must meet full SEC approval and Nasdaq listing standards before trading can commence. Initially, ETF shares will not have a publicly traded market and will be issued continuously through the creation and redemption process.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin, Ethereum Lead US Congress Members' Crypto Holdings Under STOCK Act Disclosure
The 2012 STOCK Act mandates disclosure of trades over $1,000 by US lawmakers. Bitcoin is the most popular among them, with many holding substantial amounts. Other coins like Ethereum, Solana, and lesser-known cryptocurrencies are also present in their portfolios.
GateNews20m ago
BlackRock Withdraws Over $255M in BTC from Major CEX in 8 Hours
Gate News message, April 21 — According to on-chain analyst Onchain Lens, BlackRock withdrew 3,372 BTC, valued at approximately $255.86 million, from a major CEX over the past 8 hours.
GateNews46m ago
Any prospects for U.S.-Iran talks? Bitcoin rebounds to 75K as MicroStrategy and ETF funds continue to pour in
The U.S.–Iran ceasefire agreement expires on Wednesday, and attention is focused on whether the two sides can resume negotiations. U.S. stocks fell amid heightened tensions, while bitcoin rebounded to $75K, driven mainly by institutional capital and ETF inflows, with MicroStrategy becoming the world’s largest bitcoin-holding institution.
ChainNewsAbmedia1h ago
TradFi Fall Alert: BNTX (BioNTech) Falls Over 2%
Gate News: According to the latest Gate TradFi data, BNTX (BioNTech) has dropped by 2% in a short period. Current volatility is significantly higher than recent averages, indicating increased market activity.
GateNews1h ago
Semiconductor Long Trade Becomes Most Crowded, Institutions Seek Subsector Alpha
The essay discusses the crowded positioning in the semiconductor market, with growing institutional interest amid AI investments. It highlights bearish sentiments from notable investors and pressures facing China's A-share sector, while also noting a shift towards exploring niche subsector opportunities.
CryptoFrontier1h ago
Greg Abel Takes Over Berkshire in 100 Days: Buffett’s Successor Is Rewriting How the Investment Empire Is Managed
According to a report by The Wall Street Journal, in the first 100 days after taking office, Berkshire Hathaway’s new CEO, Greg Abel, has already begun to show clear signs of change. For the market, Greg Abel is not only the successor chosen by Buffett, but also the person who will determine Berkshire’s capital allocation over the next decade, the governance of its subsidiaries, and its investment style.
63-year-old Buffett successor, Berkshire CEO Greg Abel
At 63, Greg Abel officially took over as Berkshire’s CEO in January this year. Although he has repeatedly emphasized that Berkshire’s most core culture, values, the foundation of its insurance business, its conglomerate structure, and the model in which the CEO leads the stock investment portfolio will not change, The Wall Street Journal bluntly notes that the real situation is this: change has already started—and it is proceeding with direction and in rhythm.
ChainNewsAbmedia3h ago
