Prominent asset manager Grayscale has moved to launch a HYPE exchange-traded 
fund (ETF) following a recent application with the SEC. This development means 
Grayscale joins a list of growing asset managers with the intention to add an 
HYPE fund to their portfolio. Related Reading: Bitcoin Just Got A $1 Million 
Nudge, But Will Morgan Stanley’s MSBT ETF Really Move The Needle? About The 
Grayscale HYPE ETF According to filings on March 20, Grayscale has now 
submitted an S-1 registration form for the Grayscale HYPE ETF with the US 
Securities and Exchange Commission (SEC). The proposed fund is expected to 
trade on the NASDAQ exchange under the GHYP symbol. For context, HYPE 
represents the native token of Hyperliquid, a layer one blockchain designed to 
enhance the efficiency of decentralized finance applications. One prominent 
feature of Hyperliquid is its ability to facilitate direct perpetual futures 
trading, eliminating the need for gas fees in transactions. Hyperliquid was 
launched in 2023, with HYPE token making its debut in 2024. Since then, the 
altcoin has experienced impressive traction, resulting in a market cap of 
$10.23 billion, making it the 10th largest cryptocurrency in the world, 
according to data from CoinMarketCap. In relation to the Grayscale HYPE ETF, 
Delaware Trust Company will be the designated trustee, while the Bank of New 
York Mellon is the transfer agent, and will serve alongside the co-transfer 
agent Continental Stock Transfer &amp; Trust Company. In addition, the Coinbase 
Custody Trust LLC will serve as custodian of the fund, as practiced with other 
Grayscale ETFs. The fund’s prospectus also states there is the possibility of 
engaging in staking in the future. However, this would only occur after the 
staking condition has been satisfied. Alongside Grayscale, other asset 
managers looking to launch a HYPE ETF include 21Shares and Bitwise. Notably, 
the SEC under Chairman Paul Atkins has been granting approval to a series of 
crypto-related ETFs in line with advancing President Donald Trump&#8217;s pro-crypto 
agenda. This includes spot ETFs related to XRP, Solana, Dogecoin, Chainlink, 
Avalanche, and Litecoin. Related Reading: XRP Still In Danger Zone Without 
This Key Breakout: Analyst HYPE Price Overview At the time of writing, HYPE is 
trading at $39.44 after a minor 1.18% decline in 24 hours. Meanwhile, altcoin 
has recorded a 38.29% gain in the last month, emerging as one of the standout 
performers in the crypto market. Notably, Coincodex analysts predict HYPE is 
positioned to hit a $88.34 price by year&#8217;s end, representing 124.11% gain on 
present market prices. Featured image from Hyperliquid, chart from Tradingview

Grayscale Files For HYPE ETF – Here’s What To Know

BTQ Technologies has launched the first working implementation of BIP 360 on 
its Bitcoin Quantum testnet. The update allows developers to test quantum- 
resistant bitcoin transactions in a live environment. Bitcoin Quantum Testnet 
Debuts BIP 360 Implementation BTQ Technologies has introduced Bitcoin Quantum 
testnet v0.3.0, marking the first live implementation of Bitcoin Improvement 
Proposal (BIP) 360. […]

BTQ Launches Quantum-Resistant Bitcoin Testnet With BIP 360

While it isn’t clear whether the trader will offload the $148 million worth of 
Bitcoin, whales have been partially blamed for causing considerable sell-side 
pressure in recent months.

Dormant BTC wallet wakes up after 14 years with 11,000x paper profit

Bitcoin price remains rocky, and BTC and equities ETF outflows soar as the US 
and Israel-Iran war enters a fourth week.

Bitcoin weakness deepens as war pushes traders to cut risk in BTC and stocks

As XRP attempts to defend a crucial support level, an analyst has called for a 
30%-40% rally in the coming weeks, suggesting that the altcoin could see 
short-term relief before it reaches its “critical inflection point.” Related 
Reading: Analyst Says Dogecoin At $2 Is ‘Inevitable’ As Elon Musk Revives 
‘Dogefather’ Meme XRP Defends Its &#8216;Lifeline&#8217; On Friday, XRP saw a 2.5% 
intraday retrace to retest the $1.43 area before bouncing above the crucial 
$1.40 level. The altcoin has been hovering between $1.34-$1.50 over the past 
month, recently attempting to break out of the range’s upper boundary. During 
this week’s market rally, the cryptocurrency surged 15% from the weekend lows, 
reaching a one-month high of $1.60 on Tuesday. However, broader market 
volatility has pulled XRP back into its local range, leading the altcoin to 
retest a crucial area. Analyst ChardNerd affirmed that the altcoin is 
“currently defending a lifeline as it clings to support” and that he expects 
continuation to what he believes will be its “critical inflection point” in 
the coming weeks. XRP has been trading around its 200-Week Exponential Moving 
Average (EMA), currently at $1.41, with multiple closes below it and a bullish 
reclaim above this level in the latest weekly candle. As he explained, this is 
the key guardrail that the cryptocurrency must defend as the end of the week 
approaches, as it would set the stage for a new retest and potential reclaim 
of its $1.50 resistance and a relief rally toward two crucial levels above, 
the 20 EMA and 50 EMA. “So, what I&#8217;m trying to say is XRP could potentially 
have some sort of relief in the coming months, up towards these EMAs, which 
sit between $1.80 and $2.00. And if it gets this relief, that will mark a very 
critical inflection point.” He further emphasized that XRP must defend and 
hold the 200 EMA, as it has reclaimed the critical support level in the weekly 
timeframe and pushed the price toward its recent local highs. Why An April 
Rally Is Likely Diving deeper into the potential upcoming relief rally, the 
analyst observed that in previous cycles, XRP also had a “very interestingly 
unfolding price action.” He noted that after peaking in 2021, the altcoin fell 
to the 200 EMA, saw a relief rally toward the 20 and 50 EMA before being 
rejected and ultimately dropping to its bear market lows. Now, the 
cryptocurrency has done “exactly what we did in the prior cycle peak in 2021,” 
significantly retracing from its July 2025 peak and falling back to the 200 
EMA. Notably, the altcoin saw around three months of relief after the 
successful back test, which could signal that “this is where we could see the 
next sort of few months, if Bitcoin behaves.” Related Reading: Solana Eyes 
‘Clear Path’ Towards $115 Amid SEC Guidance, SOL ETFs Demand Moreover, the 
previous relief rally took place around March 2022, ChardNerd asserted, noting 
that “It doesn’t have to repeat the exact same way.” If the March relief rally 
doesn’t retest the $1.80-$2.00 in the next week, the analyst suggested that 
“there is a possibility that it lasts a bit longer than it did the prior 
cycle” and continues into April or May. “So, this is why there’s still the 
potential, I think, to get the push to $2 and then XRP comes back to $0.80 to 
$0.70,” he concluded. Featured Image from Unsplash.com, Chart from 
TradingView.com

Cryptocurrency price in ZAR