As Bitcoin lies flat, Hyperliquid tops weekly gains after Grayscale files for HYPE ETF

Large cap cryptocurrencies were mostly flat over a seven-day period on Saturday, but one coin stood out: Hyperliquid’s native coin, HYPE. HYPE, the 14th largest coin by market value, was up nearly 6% over a weekly period, and was priced at a little over $40, according to CoinGecko. Its rise came after crypto asset manager Grayscale on Friday filed for a new product, a “Grayscale HYPE ETF”, that would trade on the Nasdaq if approved. Bitcoin, meanwhile, hadn’t budged over a seven-day timeframe. The lead ...