Grayscale Files Third Hyperliquid ETF Amendment: GHYP Ticker Confirmed
Grayscale has filed its third amendment for a spot Hyperliquid ETF with the US SEC, confirming the launch ticker will be **GHYP** (a change from earlier **HYPG** naming in prior amendments). The filing also signals operational updates: Grayscale switched the fund custodian from **Coinbase** to **Anchorage Digital** and referenced native staking/yield features.
For HYPE traders, the regulatory step is paired with notable on-chain positioning. The later report adds that Grayscale reportedly bought **682,190 HYPE** (about **$35M**) over the past week, reinforcing a “ETF narrative” tied to observable demand. Meanwhile, market price action shows **HYPE** around **$54.7**, down over **5%** in 24 hours, while still up roughly **26%** on the week and far higher year-to-date.
Traders should treat the Hyperliquid ETF filing as a near-term catalyst for **HYPE**. Expect volatility around further SEC feedback and any timetable confirmation for when **GHYP** begins trading. At the same time, watch supply/demand risk signals such as large holder unstaking or position trimming, which can offset ETF optimism.
Neutral
This is a regulatory-positive development for HYPE because the Hyperliquid ETF filing moves the process forward and confirms the launch ticker **GHYP**, which can improve sentiment and invite continued speculative positioning. However, the news is not purely bullish: on-chain supply/demand signals around major holders (including reported unstaking/position trimming in earlier coverage) can create sell-pressure that offsets ETF optimism. The later report’s claim that Grayscale bought **682,190 HYPE** adds demand support, but price impact will still depend on how quickly the SEC responds and when trading actually starts. Net effect: expect catalyst-driven volatility, with direction uncertain in the immediate term—so the overall impact on **HYPE** is closer to neutral.