Grayscales bold claim amid third Hyperliquid ETF filing: Bigger than NASDAQ!
Tech Grayscale‘s bold claim amid third Hyperliquid ETF filing: ’Bigger than NASDAQ! Bitcoin Ethereum News Hyperliquids [HYPE] price has been trending higher for the past week thanks to the capital inflows from its ETFs. Bitwise and 21Shares issued the two HYPE ETFs that fueled this rally. Bitwises HYPE ETF [BHYP] was already pulling an average trading volume of $19 million per day. The total inflows over the 10 trading days were at $100 million from 1.72 million HYPE bought. Notably, the third Hyperliquid ETF is getting closer, with Grayscale filing their fourth amendment with the SEC on the 28th of May. Grayscale Hyperliquid Staking ETF launch gets closer Grayscales update for their HYPE ETF would include a staking feature. However, the fees were yet to be determined, which usually signals the product is about to be launched. The most important change to the filing was the seed capital investment of 2 million HYPE tokens, currently valued at $113 million. The capital in exchange for HYPE would be channeled to Hyper Holdings Global LP. Source: sec.gov/Archives Grayscale tipped Hyperliquid to be a financial powerhouse, referencing its perp Futures growth, buybacks, and other factors. The two factors showed strong usage and capital returns in the Hyperliquid ecosystem. This growing number of ETFs is