Grayscale Files Updated S-1 For Hyperliquid Staking ETF, What Do Experts Say?
Grayscale has filed a second amended registration statement for its bid to launch a Hyperliquid staking ETF in the U.S. It comes after the fourth amendment, which included an increase in its investment objective. Grayscale Updates Hyperliquid Staking ETF Filing The firm is adding to the series of moves that bring the Hyperliquid Staking ETF closer to a potential listing in the U.S. The latest filing dated May 29, which was the fifth, was noted by Bloomberg ETF analyst James Seyffart on X. He calls it “amendment number five” to the proposed fund. The ETF will trade on the symbol HYPG. Moreover, the Grayscale ETF‘s documentation contains language of a major investment in the company’s native token Hyperliquid. However, the fee details are yet to be disclosed. The latest amendment doesn‘t seem to make major changes to the fund’s design, Seyffart said. “This looks like its nothing but a response to the potential minor SEC comments or small clean ups or formatting changes from what they filed yesterday,” he wrote. He said he didnt see “anything substantial” in the new document. The only thing that hasn‘t been changed is the seed capital proposal. The filing still mentions the use of some 2 million HYPE tokens to