Grayscale has updated its Hyperliquid ETF filing to include staking rewards on HYPE tokens, potentially trading under HYPG if approved, following its Ethereum ETF model; price action shows accumulation below resistance, with upside possible on breakout and risk of pullback if resistance holds.
Grayscale Updates Hyperliquid ETF With Staking
Grayscale Investments has amended its S-1 filing for the proposed Hyperliquid ETF, introducing staking rewards tied to HYPE tokens.
The filing was submitted to the U.S. SEC on May 11. If approved, the ETF will trade on Nasdaq under the ticker HYPG. The update reflects rising demand for yield-generating crypto ETFs in regulated markets.
The revised structure allows the trust to earn staking rewards from HYPE holdings. This aligns with Grayscale’s Ethereum ETF model, where staking income is shared with investors.
However, staking will only be included if it meets tax and regulatory rules. The fund must maintain grantor trust status for this feature to apply. Grayscale may also rename the product to “Hyperliquid Staking ETF” after approval.
Also Read: Hyperliquid DATs Accumulate Close to 9% of HYPE Supply
Why Hyperliquid ETF Adds Staking Yield
Hyperliquid is a decentralized perpetual trading blockchain with growing adoption linked to the Hyperliquid ETF.
Its native token, HYPE, is gaining attention among crypto investors due to network expansion and activity. The ETF would give exposure to HYPE without direct token ownership.
Staking improves profitability since it supports the activity of validating transactions made via the blockchain, which consequently increases the chances of generating more profit for the ETF.
In this case, the company responsible for custodianship is the Anchorage Digital Bank, while Bank of New York Mellon takes care of administrative duties.
This reflects an industry-wide trend where companies like Grayscale, Bitwise, and BlackRock have started staking cryptocurrencies within ETFs.
HYPE Chart Signals Accumulation Breakout Setup
From a price perspective, the Hype chart shows a shift away from the $28-$32 level and towards a developing bull pattern.
The bulls had a tight grip on the region, pushing prices upwards and forming higher lows. This indicates strength in the market, but a definitive break is needed to confirm it.
HYPE Price is presently forming a consolidation at $41-$42 below the important resistance level. The resistance level lies at $48-$50. Breakout from here would result in momentum formation.
The price can move up to the next resistance level of $60 with favorable volume support, according to the crypto analyst KNIGHT.
However, a failure to penetrate resistance levels could see the price being rejected and falling back to either $36 or even lower at $30. The best approach would be to either wait for a breakout signal or to trade at the support level.
Also Read: Hyperliquid Rally Strengthens: HYPE Price Could Surge Above $43.7 Resistance
