[Grayscale Submits Application for Grayscale HYPE ETF Listing, Proposed Nasdaq Trading Code: GHYP] Odaily Planet Daily News: Grayscale has submitted an application to list the Grayscale HYPE ETF, an exchange-traded fund that will track the native token of Hyperliquid, HYPE. According to the S-1 filing submitted on Friday, if approved, the fund will be listed on Nasdaq under the trading code GHYP and will use Coinbase Custody as the custodian and CoinDesk's Benchmark pricing data. The document also states that HYPE staking is currently prohibited, but there are "staking conditions" that may be met in the future. Additionally, Grayscale is not the first institution to submit an application for a HYPE-related fund; 21Shares and Bitwise, among others, filed similar applications late last year. (The Block)