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05/29/2026

Grayscale’s Hyperliquid ETF Negotiates $115 Million HYPE Token Seed Investment

What happened: Grayscale is reportedly in talks to secure a seed investment of approximately $115 million in HYPE tokens for its planned Hyperliquid ETF.

Grayscale’s Hyperliquid ETF Negotiates $115 Million HYPE Token Seed Investment

What happened: Grayscale is reportedly in talks to secure a seed investment of approximately $115 million in HYPE tokens for its planned Hyperliquid ETF. Earlier this month, 21Shares and Bitwise Investments became the first to launch HYPE-based exchange-traded funds.

Why it matters: The move underscores growing institutional interest in tokenized ETF products and the expanding role of crypto-native assets in traditional financial structures. A successful seed round could set a benchmark for future ETF launches tied to digital assets beyond Bitcoin and Ethereum.

Source: The Block