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via The Block · By The Block Editorial

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

HYPE

HYPE/USDT

$68.021

-5.20%

$68.021

-5.20%

(24s)

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$2,060,916,760.69

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Change: $6.11 (9.31%)

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HYPE

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Volume (24h): -

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Pivot (PP):$67.1033

Trend:Uptrend

RSI (14):56.0

The Block Editorial

(04:22 PM UTC)

1 min read

Verified byEmily Watson

1220 views

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…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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The Block Editorial · The Block

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