Grayscale's Hyperliquid ETF negotiating 'seed' investment of roughly $115 million in HYPE tokens

HYPE

HYPE/USDT

$57.368

+2.46%

$57.368

+2.46%

(24s)

24h Volume

$242,233,875.44

24h H/L

$57.61 / $55.92

Change: $1.69 (3.02%)

Funding Rate

+0.0049%

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HYPE

Daily

$57.45

▲ 0.91%

Volume (24h): -

Resistance Levels

Resistance 3$62.1584

Resistance 2$59.8882

Resistance 1$57.5833

Price$57.45

Support 1$56.1339

Support 2$53.0016

Support 3$48.1123

Pivot (PP):$56.7333

Trend:Sideways

RSI (14):51.4

The Block Editorial

(04:22 PM UTC)

1 min read

Verified byEmily Watson

0 comments

In an updated filing for its proposed Hyperliquid ETF, Grayscale said it is negotiating to sell shares in the fund in exchange for 2 million HYPE tokens.

Grayscale said it is discussing the potential investment with Hyper Holdings Global LP, a relatively unknown entity. The 2 million HYPE tokens were worth about $115 million as of Thursday.

Bloomberg Intelligence ETF Analyst James Seyffart…