Grayscale’s Hyperliquid ETF negotiating ‘seed’ investment of roughly $115 million in HYPE tokens
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Grayscale's Hyperliquid ETF is negotiating a 'seed' investment of roughly $115 million in HYPE tokens, marking a significant milestone for the HYPE-based exchange-traded funds. 21Shares and Bitwise Investments launched the first HYPE-based ETFs earlier this month, expanding the HYPE ecosystem. This investment will further boost the HYPE token's adoption and liquidity in the market.
Earlier this month, 21Shares and Bitwise Investments became the first firms to launch HYPE-based exchange-traded funds.