Grayscale in talks for $115M seed investment in HYPE ETF

An entity is in negotiations to make a $115 million seed investment in crypto asset manager Grayscale's Hyperliquid (HYPE) staking ETF, The Block reported. The potential investor, Hyper Holdings Global LP, is described as a little-known entity. The development comes as Grayscale prepares to launch the fund, having recently amended its filing with the U.S. Securities and Exchange Commission (SEC) to change the ETF's name to the 'Grayscale Hyperliquid Staking ETF' and confirm its ticker as HYPG.