Grayscale’s proposed Hyperliquid fund has moved further toward launch with an updated filing that renames it from the Grayscale HYPE ETF to the Grayscale Hyperliquid Staking ETF and assigns the Nasdaq ticker HYPG. The new filing also adds staking to the fund structure and states that Grayscale discussed exchanging about 2 million HYPE tokens, worth roughly $115 million, for seed shares in the ETF. This follows earlier regulatory steps, including a fourth amended registration and a Form 8-A12B filing that the source described as the final pre-listing registration stage. Earlier reports cited slightly different seed-capital figures, including about 2 million HYPE valued at roughly $113 million, so the exact valuation remains dependent on the filing referenced.