Grayscale has submitted an S-1 application for the HYPE ETF, but staking functionality is not currently permitted.

CoinFeed reported on March 23 that, according to The Block, Grayscale has filed an S-1 application with the U.S. Securities and Exchange Commission (SEC) to launch the Grayscale HYPE ETF (ticker symbol: GHYP). This fund aims to track the spot price of the Hyperliquid (HYPE) token and plans to list it on Nasdaq, with Coinbase Custody acting as custodian. The current filing explicitly states that HYPE staking will not be available at this time, but reserves the possibility of staking under certain conditions in the future.