Grayscale files for HYPE ETF with SEC, plans Nasdaq listing under GHYP ticker. Fund may include staking rewards from Hyperliquid blockchain network.
Grayscale has filed a new request with the United States Securities and Exchange Commission to launch a HYPE exchange traded fund. The fund will follow the price of the HYPE digital token. The company is also planning to put the fund on the Nasdaq stock exchange. This step could enable more investors to get access to a safe crypto asset.
New ETF Will Track HYPE Token Price
The new fund is known as Grayscale HYPE ETF. According to the filing, the fund will track the price of the HYPE token, after removal of fees. HYPE is Hyperliquid blockchain network’s main token. This network is known for being fast in trading and having good performance.
Grayscale has filed a Form S-1 registration statement with the U.S. Securities and Exchange Commission to launch the Grayscale HYPE ETF, which aims to track the price of the digital asset HYPE (net of fees) and may incorporate staking rewards subject to certain conditions; the… pic.twitter.com/0Ah5KVUrF1
— Wu Blockchain (@WuBlockchain) March 20, 2026
Grayscale said the fund will be trading under the ticker GHYP, if approved. The company is seeking to have the ETF available for listing on Nasdaq. Listing on a major exchange could make the product easier to purchase. Investors would be able to trade the fund as one would trade normal stocks.
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Exchange traded funds are so popular because they make investing easy. People do not have to hold the digital token directly. Instead, they can purchase shares of the fund through normal brokerage accounts. Because of this, a number of companies are attempting to launch ETFs for cryptocurrencies.
Grayscale has already introduced a number of crypto investment products. The company has funds that are associated with Bitcoin, Ethereum and other digital assets. The new HYPE ETF demonstrates that the company would like to branch out to newer blockchain projects.
Staking Rewards May Be Included
One of the features of the new fund is staking rewards. Staking refers to locking tokens in a network in order to help verify transactions. In return, the network provides rewards to the token holders. These rewards are all like the interest from savings.
The filing indicates that the ETF can contain staking rewards, if permitted under the rules. This means that investors could earn additional income while holding the fund. However, the rewards will be dependent on certain conditions, the company said. Before regulators can use the process, they must allow it.
Staking rewards have been gaining popularity over the past few years. Many blockchain networks rely on staking to maintain the security of their networks. Because of this, investors are interested in funds that are capable of earning rewards. Companies feel that these products will bring more people to the crypto markets.
Grayscale has already worked on products that were staked before. The company developed funds linked to Ethereum and Solana staking. The new HYPE ETF is no exception in this plan. The idea is to offer investors both price growth and additional rewards.
Hyperliquid Network and Future Plans
The HYPE token is part of Hyperliquid Layer-1 blockchain. This network is decentralized in nature, and its focus is on futures trading. It enables users to trade in digital assets without having to use traditional exchanges. Due to its speed and lower costs, the network has caught the interest in the crypto world.
Grayscale was the first to show interest in HYPE in 2024. At that time, the company registered a HYPE trust with the Delaware state. This trust was viewed as the first step in a full exchange traded fund. The new SEC filing confirms that the company is moving ahead.
The launch of this ETF is also indicative of a larger shift in the world of finance. Many companies are interested in introducing digital assets to regular markets. By creating ETFs, companies can link blockchain technology and traditional investing. This makes it easier for people to join the crypto market.
If the SEC approves of the fund, the HYPE ETF could be one of the very first funds to be associated with a decentralized derivatives network. Grayscale believes that such products will help investors explore new parts of the digital economy but using familiar trading platforms.