Grayscale lays early groundwork for potential BNB & HYPE ETFs
■ Trusts registered, not ETFs (yet)
Grayscale registered Delaware statutory trusts tied to BNB and HYPE — a common preparatory step that often comes before ETF filings, but does not confirm SEC applications or approvals.
■ Altcoins enter the ETF conversation
Most US crypto ETFs focus on BTC & ETH. The inclusion of BNB and HYPE signals growing institutional curiosity beyond majors:
BNB → large-cap ecosystem token
HYPE → exposure to the decentralized perpetuals trading narrative
■ Why this matters
Delaware trust formation helps issuers move quickly once:
Market conditions improve
Regulatory clarity increases
It’s groundwork, not a green light.
■ Macro backdrop
Grayscale expects better regulatory clarity in 2026
Recent ETF outflows seen as largely tax-driven
Altcoin-linked ETPs showing smaller but steadier inflows
■ HYPE spotlight
Hyperliquid dominated perpetuals trading volume through much of 2025, highlighting institutional interest in onchain derivatives infrastructure, not just store-of-value assets.
Key takeaway:
Institutions are slowly widening their crypto lens. While BTC and
$ETH ETH remain core,
$BNB and $HYPE entering ETF pipelines hints at the next phase of diversified institutional exposure — even if approvals are still far away.
#Grayscale #CryptoETF #InstitutionalCrypto #Web3Finance #ArifAlpha