Grayscale has filed an S-1 application with the U.S. Securities and Exchange Commission to launch the Grayscale HYPE ETF, which will track the spot price of the Hyperliquid (HYPE) token. The ETF, with the ticker GHYP, is set to be listed on Nasdaq, with Coinbase Custody providing custody services. The filing notes that while HYPE staking is not currently available, there is potential for its introduction in the future if specific conditions are met.