Grayscale eyes $115m HYPE seed deal for Hyperliquid staking ETF, will HYPE go parabolic?

Grayscale is negotiating a $115 million HYPE-for-shares seed swap for its proposed Hyperliquid staking ETF, in a move that deepens Wall Street’s exposure to on chain derivatives. Grayscale is negotiating with Hyper Holdings Global LP to seed its proposed Hyperliquid…