Grayscale Advances Proposed HYPE ETF With Third SEC Amendment

• Grayscale filed a third SEC amendment for its proposed HYPE ETF under the GHYP ticker.
• The updated filing added possible HYPE staking rewards pending SEC and tax approval.
• Hyperliquid ETF competition grows as HYPE trades near $55 after a recent market decline.

Grayscale Investments submitted another amended filing to the U.S. Securities and Exchange Commission for its proposed Hyperliquid exchange-traded fund, pointing to continued movement in the race to launch investment products tied to the HYPE token.

The latest amendment, which marks the third revision to the company’s S-1 registration statement, arrived as issuers continue expanding beyond Bitcoin and Ethereum-focused ETF products into newer areas of the digital asset market.

Bloomberg ETF analyst James Seyffart said the repeated amendments show active engagement between issuers and regulators as firms a…

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