Grayscale’s Hyperliquid filing meets a $340M token unlock – $100 next for HYPE?

Hyperliquid has stepped into a crucial session as Grayscale filed for an 8-K with the U.S. Securities and Exchange Commission connected to its Hyperliquid staking ETF.

It is important to note that the filing revolves around the existing ETF process but does not necessarily represent a new ETF application.

This proposed product will offer market participants with exposure to $HYPE while at the same time incorporating staking rewards into its structure.