PANews reported on May 29th that, according to The Block, Grayscale disclosed in its updated filing for the Hyperliquid ETF that it is in talks with Hyper Holdings Global LP, planning to exchange approximately 2 million HYPE tokens (approximately $115 million) as seed investment for fund shares. The main change in the filing is the renaming of the fund from "Grayscale HYPE ETF" to "Grayscale Hyperliquid Staking ETF," with the Nasdaq ticker HYPG.

Earlier reports yesterday indicated that Grayscale's Hyperliquid ETF application has entered the final pre-listing registration stage and has added the option to offer collateral .