Grayscale files HYPE ETF with SEC, plans Nasdaq listing under GHYP ticker, offering staking rewards and regulated exposure to Hyperliquid for investors.
Grayscale officially filed a Form S-1 with the Securities and Exchange Commission on March 20, 2026. Specifically, this new fund would track the price of HYPE digital token for investors. As a result, the firm wants to place this product on the NASDAQ exchange under the ticker GHYP.
Grayscale Seeks Federal Approval for Specialized Decentralized Investment Products
Furthermore, the suggested fund aims to offer staking rewards to the people who purchase the shares. This means that investors can receive additional money from network validation while holding their digital assets. Thus, the HYPE ETF gives exposure to an extremely high performance trading network.
Grayscale has filed a Form S-1 registration statement with the U.S. Securities and Exchange Commission to launch the Grayscale HYPE ETF, which aims to track the price of the digital asset HYPE (net of fees) and may incorporate staking rewards subject to certain conditions; the… pic.twitter.com/0Ah5KVUrF1
— Wu Blockchain (@WuBlockchain) March 20, 2026
Previously, Grayscale registered a private trust for this specific asset late in 2024, in the state of Delaware. However, the new filing shows a much bigger push for regulated access to decentralized finance. Because of this, traditional brokerage accounts may soon contain these unique types of assets.
Related Reading: S&P 500 Perps Launch on Hyperliquid DeFi Hub
Notably, the Hyperliquid network processes huge trading numbers at 40 billion to 100 billion dollars a week. Therefore, it has become a dominant force in the world of trading of digital futures. For this reason, the pace of Grayscale’s ventures to take advantage of this burgeoning market is fast for its numerous clients.
Along with this, the firm has already introduced similar staking products for large assets such as Solana and Ethereum. Nevertheless, the HYPE filing is unique because the asset is relatively new in the market. For this reason, the move indicates that there is a high demand for specialized infrastructure in the crypto world.
Potential Staking Rewards Offer New Income Streams
Furthermore, it is still necessary for the SEC to review and approve this particular application for trading to commence. Thus, Grayscale is joining other big issuers like Bitwise and 21Shares in the race for products. Specifically, these companies are interested in offering the best tools for modern investors in 2026.
As well, the fund will follow the native token of the Hyperliquid Layer 1 blockchain very closely. Because of this, the price of the ETF will fluctuate according to the value of the token. As a result, investors are able to trade it just like a normal stock throughout the business day.
In addition, the staking mechanism is subject to certain requirements contained in the official filing with the government. For this reason, the team at Grayscale is working hard to comply with all the rules set out in the regulation. Thus, the project emphasizes a significant move towards yield-generating assets in the United States.
Ultimately, this filing is a major step towards the wider adoption of decentralized finance technology. Specifically, it bridges the divide between legacy banking systems and today’s digital trading networks. Therefore, more people may soon be able to access advanced blockchain rewards through their banks.
Furthermore, the success of this fund may inspire other companies to launch similar digital products. For this reason, the financial industry is following the SEC decision with a lot of interest. Therefore, 2026 is a very important year for the growth of digital tokens.
