Grayscale has filed with the US Securities and Exchange Commission (SEC) to create a new exchange-traded fund for the HYPE token. The proposed fund would hold the hybrid token and be listed on Nasdaq under the ticker GHYP. Other asset managers that have also filed for HYPE ETFs include Bitwise and 21Shares. The filing comes as Hyperliquid sees growing interest from traders betting on traditional financial assets, while war rages in the Middle East. The platform's value proposition is also the ability to bet on traditional assets around the clock.