A fairly strong first full trading week for Bitwise’s HYPE exchange-traded fund (ETF) was identified as one of the catalysts behind the coin’s all-time high rally. Interestingly, the latest development suggests that Grayscale’s Hyperliquid ETF might also be making its trading debut soon.
Grayscale Confirms GHYP Ticker For Hyperliquid ETFAfter initially submitting a proposal in March, Grayscale has made a series of changes to its Hyperliquid ETF offering, including switching custodians from Coinbase to Anchorage Digital and incorporating native staking yields. Meanwhile, the firm has finally settled on the GHYP ticker after introducing the HYPG ticker in the second amendment.
Interestingly, this development coincides with Grayscale’s reported on-chain activity, with the asset management firm found accumulating significant amounts of the Hyperliquid native token over the past week. On-chain data shows that Grayscale bought 682,190 HYPE (roughly $35 million) over the past week.
HYPE Price OverviewAs of this writing, the Hyperliquid token is valued at around $54.7, reflecting a decline of over 5% in the past 24 hours. The past day’s price action suggests the cryptocurrency may be slowing down after a strong bullish run this week, with a move toward a new all-time high above $62.
According to CoinGecko data, the HYPE price is up more than 26% on the weekly timeframe. Meanwhile, the cryptocurrency’s value has grown by roughly 115% so far in 2026, riding on the wave of surging volume and institutional validation of the Hyperliquid platform.
