Techub News reports that according to The Block, Grayscale has submitted an S-1 application to the U.S. SEC, planning to launch the Grayscale HYPE ETF. If approved, the ETF will trade on Nasdaq under the ticker symbol GHYP. Like Grayscale's other funds, it will select Coinbase Custody as the custodian and use CoinDesk's benchmark pricing data. The filing also indicates that staking is currently prohibited for HYPE, but may be enabled in the future to meet "staking conditions."

HYPE-1.87%
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