Grayscale Forms Trusts for Potential BNB and HYPE ETFs
Grayscale has formed Delaware statutory trusts for potential BNB and HYPE-linked investment products, signaling early expansion interest.Summary
Asset manager Grayscale has established new Delaware statutory trusts linked to potential products based on BNB (BNB) and Hyperliquid (HYPE), according to state records. This formation is a common preparatory step for asset managers considering launching exchange-traded funds (ETFs) before submitting official applications to the US Securities and Exchange Commission (SEC), though it does not confirm any regulatory approval or submission. The inclusion of BNB and HYPE is notable as most US crypto ETFs currently focus on Bitcoin (BTC) and Ether (ETH). This move suggests Grayscale is laying groundwork for expanding institutional crypto exposure beyond major coins, potentially targeting demand for emerging narratives like Hyperliquid, a major decentralized perpetuals exchange. This groundwork comes as Grayscale maintains an optimistic outlook for 2026, anticipating improved regulatory clarity and renewed institutional demand, despite recent outflows from existing spot Bitcoin and Ether ETFs.
(Source：Cointelegraph)