Grayscale Files Third S-1 Amendment for HYPE ETF — Bloomberg Analyst Says Launch Is Getting Closer!

Grayscale has submitted its third S-1 amendment to the SEC for a proposed Hyperliquid (HYPE) ETF, according to Bloomberg ETF analyst James Seyffart. If approved for listing, the fund would trade under the ticker GHYP — a signal that the filing is maturing toward a potential launch rather than stalling in early review.

Seyffart noted that the frequency of amendment updates is itself a meaningful indicator: issuers typically accelerate S-1 revisions as they work through SEC comment letters and approach an approval window. He also flagged that U.S. exchanges could eventually see as many as three competing HYPE ETFs in the market, setting up a fee and liquidity race similar to what played out after spot Bitcoin ETF approvals.