Overview
- Grayscale’s prospectus lists Coinbase Custody as custodian, Delaware Trust Company as trustee, and Bank of New York Mellon with Continental Stock Transfer as transfer agents.
- The proposed fund would track HYPE’s price and offer brokerage access without direct token custody, with fees yet to be disclosed.
- Grayscale joins Bitwise and 21Shares in pursuing HYPE-linked products, with 21Shares already operating a HYPE exchange-traded product in Europe.
- Hyperliquid remains the top on-chain perps venue, posting roughly $40–$100 billion in weekly volume and about $1.6 million in 24-hour fee revenue in recent data.
- HYPE rose about 21% this week into the $40–$43 range and briefly entered the crypto top 10 as Hyperliquid added new markets such as an S&P 500 perpetual contract.