Asset manager Grayscale amends Hyperliquid ETF application, plans to include HYPE staking

Techub News, according to Cointelegraph, asset management firm Grayscale has amended its Hyperliquid ETF application to include HYPE token staking functionality. Hyperliquid is a decentralized derivatives trading platform, and its native token HYPE can be used for network governance and staking. Grayscale, a well-known cryptocurrency asset management institution, has previously launched multiple cryptocurrency trusts and ETF products. This amendment to the application means that if the ETF is approved, investors can indirectly participate in HYPE staking through the ETF and obtain staking rewards.