Earlier this month, 21Shares and Bitwise Investments became the first firms to launch HYPE-based exchange-traded funds.

Hyperliquid's HYPE token hit an all-time high above $62 as US spot ETFs from 21Shares and Bitwise extended an 8-day inflow streak totaling $54 million.

Grayscale's latest GHYP amendment adds momentum to the Hyperliquid ETF race as HYPE joins Bitwise and 21Shares in the growing altcoin ETF market.