The post Grayscale files for HYPE ETF as Hyperliquid gains traction despite mixed ETF flows appeared on BitcoinEthereumNews.com.

Grayscale has filed a registration statement with the U.S. Securities and Exchange Commission [SEC] for a proposed HYPE ETF. The filing, submitted via Form S-1 on 20 March, represents an early step toward launching an exchange-traded product tied to HYPE, the native asset associated with the Hyperliquid trading network. Approval is not guaranteed and remains subject to SEC review. ETF push continues The move marks a notable shift in institutional strategy, as asset managers begin exploring DeFi infrastructure. Grayscale, which previously led the push for spot Bitcoin ETFs, is positioning itself early in the next wave of crypto investment products focused on decentralized trading ecosystems. The filing follows a series of developments around Hyperliquid. This includes the launch of S&P 500 perpetual contracts on the platform and rising total value locked [TVL], reinforcing its growing relevance in on-chain derivatives markets. HYPE price reflects rising momentum Market data suggests that interest in the ecosystem has already translated into price action. HYPE has climbed sharply in recent sessions, rising from below $30 in early March to trade near $39–$40, marking a strong upward trend ahead of the ETF filing. The rally reflects growing speculative and institutional attention, with higher highs and sustained buying pressure visible on the daily chart. ETF flows show mixed institutional sentiment However, broader crypto ETF flows paint a more cautious picture. Data shows: Last week: +$146m inflows Last month: +$2.29bn inflows Last quarter: -$1.62bn net outflows Notably, recent daily data highlighted -$225.8m in outflows on 19 March, underscoring continued volatility in institutional capital flows. This divergence suggests that while overall ETF demand remains uneven, capital may be rotating toward new narratives rather than exiting the asset class entirely. What the filing means An S-1 filing is the first step in launching an ETF in the United States, outlining…

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Filed under: News - @ March 20, 2026 10:29 pm