Bloomberg ETF analyst James Seyffart introduced that Grayscale has submitted its third S-1 modification software to the U.S. Securities and Alternate Fee (SEC) for its proposed Hyperliquid ($HYPE) ETF.
In line with Seyffart, if the ETF is accredited and listed on the change, its ticker image will likely be GHYP. Grayscale’s newest replace to the appliance course of signifies that regulatory preparations for the $HYPE ETF are progressing.
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Seyffart famous that frequent file updates by issuers might be a sign that the launch is approaching. The analyst additionally acknowledged that three totally different $HYPE ETFs would possibly compete concurrently on US exchanges sooner or later.
Nevertheless, Hyperliquid has not too long ago turn into one of the vital talked-about altcoins within the cryptocurrency market. However yesterday’s announcement by the SEC that the plan to introduce tokenized shares within the US has been postponed precipitated a drop within the token’s value. Regardless of this, $HYPE continues to be buying and selling close to its all-time excessive.
*This isn’t funding recommendation.
