Hyperliquid Price Faces Pullback as Repeated Post-Rally Dips Return

• Grayscale revised the Hyperliquid ETF filing and replaced Coinbase with Anchorage as custodian.
• HYPE price fell 0.49% in 24 hours, while weekly losses moved above 8%.
• Repeated post-rally pullbacks keep near-term downside pressure on the Hyperliquid price.

After changes that were seen in the Hyperliquid ETF, the last 24 hours in the HYPE price have shown a reaction. During today’s Asian trading session, the HYPE price opened at a market value of $41.44 as it followed a dip to $40.40, marking the session low.

Grayscale Revises Hyperliquid ETF Filing

A brief recap on what happened to the Hyperliquid ETF reveals that Coinbase has been sidelined, inviting Anchorage as the custodian. The amendment replaces Coinbase while keeping other fund mechanics unchanged. It also keeps BNY Mellon and CoinDesk pricing in place for now. The revised filing assigns custody for the proposed HYPE ETF to Anchorage Digital Bank. Earlier documents had given Coinbase custody and prime brokerage responsibilities. The amendment now removes Coinbase from those combined functions. 

As a result, Grayscale has redr...