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05/29/2026

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

What happened: Grayscale’s Hyperliquid ETF is in talks for a seed investment of approximately $115 million in HYPE tokens.

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

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

Why it matters: The rapid institutionalization of HYPE tokens through ETF products reflects growing demand for exposure to new digital assets. Grayscale’s potential $115 million seed would further legitimize HYPE tokens and could drive liquidity, but also raises questions about concentration risk in nascent ETF markets.

Source: The Block