Can Grayscale’s HYPE ETF Drive a Short-Term Price Recovery?

Grayscale has taken a significant step by registering a Hyperliquid [HYPE]-linked statutory trust in Delaware, paving the way for a potential official S-1 ETF application. If approved, this would position Grayscale as the fourth asset manager to enter the U.S. Spot HYPE ETF competition, joining Bitwise, VanEck, and 21shares.