Grayscale has advanced toward launching its highly anticipated spot Hyperliquid exchange-traded fund (ETF) by filing a third amendment with the U.S. Securities and Exchange Commission (SEC). The latest update confirms the ETF will trade under the ticker symbol GHYP, marking a significant step in the firm’s approval process.
This filing completes a series of adjustments made since the initial submission, including switching custodians from Coinbase to Anchorage Digital and adding native staking yields to the product. The ticker symbol shifted from HYPG to GHYP in this third amendment, signaling finalization on this crucial branding detail.
If approved, Grayscale’s Hyperliquid ETF would become the third spot HYPE-linked ETF available on U.S. exchanges, joining similar offerings by 21Shares and Bitwise. The rollout comes amid strong institutional interest in the Hyperliquid token (HYPE), which has experienced notable price gains and increased trading volume recently.
On-chain data reveal Grayscale has been aggressively accumulating HYPE tokens over the past week, acquiring approximately 682,190 tokens worth around $35 million. This accumulation aligns with the firm’s ETF ambitions and reflects growing institutional confidence in the Hyperliquid ecosystem.
Despite a slight pullback in the last 24 hours, with HYPE falling over 5%, the token maintains robust momentum. It recently reached an all-time high near $62 and currently trades at about $54.7. Its price has surged more than 26% over the past week and has climbed roughly 115% so far in 2026, underscoring the asset’s strong appeal among investors.