Grayscale Files Amendment No. 2 for Proposed Hyperliquid (HYPE) ETF With SEC

Grayscale Investments submitted Amendment No. 2 to its Form S-1 with the U.S. SEC on May 11, 2026, moving forward with a proposed ETF tied to Hyperliquid's HYPE token. The filing adds staking-related language that could allow the fund to earn from staking HYPE if regulators approve the setup, and it outlines an ETF design meant to provide direct HYPE exposure without self-custody.