Grayscale Hyperliquid Staking ETF

Exhibit 4.3 AMENDMENT NO. 1 TO THE AMENDED AND RESTATED DECLARATION OF TRUST AND TRUST AGREEMENT This AMENDMENT NO. 1 (THE “AMENDMENT”) TO THE AMENDED AND RESTATED DECLARATION OF TRUST AND TRUST AGREEMENT of GRAYSCALE HYPE ETF is made and entered into as of the 26th day of May, 2026, by and among GRAYSCALE INVESTMENTS SPONSORS, LLC, a Delaware limited liability company, CSC DELAWARE TRUST COMPANY, a Delaware corporation, as trustee, and the SHAREHOLDERS from time to time hereunder. * * * REC…

S-1/A · 2026-05-28 · 0001193125-26-243167

Exhibit 4.1 AMENDED AND RESTATED DECLARATION OF TRUST AND TRUST AGREEMENT OF GRAYSCALE HYPE ETF Dated as of May 22, 2026 By and Among GRAYSCALE INVESTMENTS SPONSORS, LLC CSC DELAWARE TRUST COMPANY and THE SHAREHOLDERS FROM TIME TO TIME HEREUNDER Article I DEFINITIONS; THE TRUST Section 1.1 Definitions 1 Section 1.2 …

S-1/A · 2026-05-22 · 0001193125-26-237193

Exhibit 4.2 AUTHORIZED PARTICIPANT AGREEMENT AUTHORIZED PARTICIPANT AGREEMENT (this “Agreement”) dated as of [●] among: (i) [●] (the “Authorized Participant”); (ii) Grayscale Investments Sponsors, LLC, except as otherwise specified herein, acting in its capacity as sponsor or manager (the “Sponsor”) of each investment vehicle listed on Schedule V attached hereto and incorporated herein, as the same may be amended from time to time by the Sponsor with the consent of the Authorized Participant (…

S-1/A · 2026-05-22 · 0001193125-26-237193