Asset management firm Grayscale is moving closer to launching its Hyperliquid staking exchange-traded fund (ETF) after filing a new amendment with the U.S. Securities and Exchange Commission (SEC) for its proposed Grayscale Hype ETF.
According to the latest filing submitted today, this marks the fourth amendment to the proposed ETF, which is expected to trade on Nasdaq under the ticker “HYPG” once it is approved.
According to the filing, the name of the fund was recently changed on May 26, through a Certificate of Amendment filed under the Delaware Statutory Trust Act. It is designed to track the value of HYPE held by the trust per share, including possible staking rewards if staking is approved.
Grayscale Investments Sponsors, LLC is listed as the sponsor of the trust. CSC Delaware Trust Company will serve as trustee, while The Bank of New York Mellon acts as transfer agent and administrator.
Meanwhile, Anchorage Digital Bank N.A. will be responsible for custody of the assets, and West Capital Advisors LLC is expected to provide consulting services connected to the Hyperliquid ecosystem.
Source: sec.gov
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