Grayscale has submitted a listing application for Grayscale HYPE ETF, which is intended to trade on Nasdaq under the ticker symbol GHYP.

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Deep Tide TechFlow News, March 21 — According to The Block, Grayscale filed an S-1 registration statement with the SEC on Friday to list the Grayscale HYPE ETF, which tracks the Hyperliquid native token HYPE. If approved, it will trade on Nasdaq under the ticker GHYP.

Like other funds under Grayscale, this ETF will be custodied by Coinbase Custody and use CoinDesk benchmark pricing data. The filing also notes that HYPE staking is currently not permitted, but there is potential to meet “staking conditions” in the future.

Grayscale is not the first to submit a HYPE fund application; 21Shares and Bitwise both filed similar applications at the end of last year.

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