Grayscale’s Hyperliquid ETF launch is “likely imminent” after the asset manager set the ticker and fee for its proposed product in an amended regulatory filing, an analyst says.

HYPE hit a record near $67 after the CFTC cleared the first US perpetual futures contract and Grayscale called Hyperliquid a breakout success.

The digital asset manager says Hyperliquid is emerging as a blockchain-based financial infrastructure platform with the potential to expand beyond crypto trading and challenge…