Grayscale Investments has just cleared a major hurdle for its Hyperliquid staking ETF to go live. Today, the U.S. Securities and Exchange Commission (SEC) announced the registration statement was effective.
SEC Offers Regulatory Nod For Grayscale’s Hyperliquid Staking ETF
The SEC’s Notice of Effectiveness indicates that the Grayscale Hyperliquid Staking ETF’s registration statement was effective at 4:00 p.m. ET on June 2, 2026. The filing was then accepted by the SEC’s EDGAR system in the morning of June 3.
Grayscale submitted a number of amendments in recent weeks as it approaches the launch of the HYPE ETF. The SEC approval signals that the updated S-1 filings met its requirements.
Thus, the asset manager also submitted a final prospectus to the SEC on June 2 that includes information about the fund’s structure, investment strategy and fees. It mentions launch of the Hyperliquid staking ETF under the “HYPG” ticker on Nasdaq.
According to the final prospectus, the fund will be known as Hyperliquid and will aim to gain exposure to Hyperliquid’s native token, HYPE. The ETF will also be able to engage in staking. It’ll offer exposure to staking rewards for the trust by staking a portion of the ETF’s holdings of HYPE.
The effectiveness notice, issued by the SEC, and the filing of the final prospectus are major regulatory milestones necessary before the ETF can start trading. Moreover, Grayscale previously filed the Nasdaq certification on approval of listing the Hyperliquid staking ETF on the exchange.
Earlier this week, Bloomberg ETF analyst James Seyffart hinted at a launch soon as Grayscale filed the sixth HYPE ETF amendment. “Launch likely imminent for Grayscale’s Hyperliquid ETF,” Seyffart wrote on X.
Few Details & Seed Funding
The filing revealed the ETF will charge a 0.29% management fee. The charge is lower than its peers, which include Bitwise and 21Shares’ HYPE ETFs. Seyffart noted that the fee “slightly undercuts $BHYP and $THYP which are 0.34% and 0.30% respectively.”
However, it remains unknown if there will be any fees around the staking operations. Meanwhile, the final prospectus also mentions to use around 2 million HYPE tokens as seed funding for the fund. At the current HYPE price, these holdings have a value of about $146 million.
Moreover, the SEC’s ETF approval comes shortly after Grayscale bought millions worth of HYPE.
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