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 ...

Grayscale has filed a Form S-1 registration statement with the U.S. Securities and Exchange Commission to launch the Grayscale HYPE ETF, which aims to track the price of the digital asset HYPE (net of fees) and may incorporate staking rewards subject to certain conditions; the fund intends to list on NASDAQ under the ticker “GHYP.” ...