Grayscale Files 4th Amendment for ETF, Adds 2M HYPE Seed Capital
Tech Grayscale Files 4th Amendment for ETF, Adds 2M HYPE Seed Capital Grayscale has filed a fourth amendment for its proposed Hyperliquid exchange-traded fund, HYPG, as institutional interest in HYPE continues to grow despite a short-term price pullback. The HYPG amendment comes as Grayscale has reportedly paused its own initial public offering plans due to market conditions. A person familiar with the matter said the Stamford-based asset manager is unlikely to restart IPO preparations before the fourth quarter at the earliest. Bloomberg ETF analyst James Seyffart said the updated filing suggests the product is moving closer to launch, though the fee has not yet been disclosed. The most notable change in the amendment is a potential seed capital arrangement involving about 2 million HYPE tokens, valued at nearly $113 million. According to the shared by Seyffart, Grayscales sponsor is in discussions with Hyper Holdings Global LP for the potential investor to acquire trust shares through an authorized participant in exchange for approximately 2 million HYPE tokens. The filing states that the discussions are not binding, meaning the investor could purchase more shares, fewer shares, or none. Grayscale HYPG Filing Adds Large HYPE Seed Plan Seed capital is used to create the initial shares of an ETF









