Grayscale to Introduce $115 Million in HYPE Token Seed Funding for Hyperliquid Staking ETF

According to Finance Feeds, Grayscale is in talks with Hyper Holdings Global LP to sell its proposed Hyperliquid ETF shares in exchange for approximately 2 million HYPE tokens—valued at roughly $115 million at current prices—as seed capital ahead of the fund’s listing. Meanwhile, Grayscale has renamed the product the “Grayscale Hyperliquid Staking ETF,” planning to list it on the Nasdaq under the ticker symbol HYPG. The addition of staking functionality distinguishes it from spot ETFs that merely track token price performance.