Grayscale Signals New Crypto ETF Expansion

[chainsniff]

Grayscale has taken its first formal steps toward launching exchange-traded funds tied to BNB and Hyperliquid’s HYPE token, signaling continued expansion beyond its flagship crypto products. The firm, which oversees roughly $35 billion in assets, registered statutory trusts for both ETFs in Delaware — a standard prerequisite before approaching regulators.

These registrations don’t guarantee approval, but they mark a clear intent to move forward. Grayscale is expected to follow up with S-1 filings to the U.S. Securities and Exchange Commission, outlining each ETF’s structure, risks, and investment strategy.

[tradelikepro]

bnb staying strong while everything else chops is honestly kinda impressive