Techub News reported that according to The Block, Grayscale has submitted an S-1 application to the US SEC, planning to launch the Grayscale HYPE ETF. If approved, the ETF will trade on Nasdaq under the ticker symbol GHYP. Like Grayscale's other funds, it will select Coinbase Custody as the custodian and use CoinDesk's benchmark pricing data. The filing also notes that staking is currently prohibited for HYPE, but may be available in the future if "staking conditions" are met.
Techub News reported that according to The Block, Grayscale has submitted an S-1 application to the US SEC, planning to launch the Grayscale HYPE ETF. If approved, the ETF will trade on Nasdaq under the ticker symbol GHYP. Like Grayscale's other funds, it will select Coinbase Custody as the custodian and use CoinDesk's benchmark pricing data. The filing also notes that staking is currently prohibited for HYPE, but may be available in the future if "staking conditions" are met.