Grayscale, a cryptocurrency asset manager overseeing approximately $35 billion in assets, has submitted a proposal to list the Grayscale HYPE ETF, which tracks the Hyperliquid token, amid Wall Street’s growing attention to Hyperliquid’s popularity.

 Moreover, it has secured the top ranking as the largest on-chain perpetual contracts platform. Meanwhile, Grayscale noted that if the authorities grant the proposal a green light, the Grayscale HYPE ETF would trade