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 authorised and listed on the change, its ticker image might be GHYP. Grayscale’s newest replace to the applying course of signifies that regulatory preparations for the $HYPE ETF are progressing.
Associated Information Kevin Warsh Is Now Fed Chair: So What Will Change? What Does This Imply for Bitcoin?
Seyffart famous that frequent file updates by issuers might be a sign that the launch is approaching. The analyst additionally said that three totally different $HYPE ETFs may compete concurrently on US exchanges sooner or later.
Nonetheless, Hyperliquid has just lately change into one of the crucial 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 brought about a drop within the token’s worth. Regardless of this, $HYPE continues to be buying and selling close to its all-time excessive.
*This isn’t funding recommendation.
