Asset manager Grayscale has registered new trusts in Delaware with a view to launching investment products related to BNB and HYPE, Cointelegraph reported on Jan. 9 local time.
Cointelegraph said the move is a common early step asset managers take ahead of launching ETFs, but it is not confirmed whether there has been any formal ETF application or approval.
Crypto ETFs listed in the United States currently focus mainly on bitcoin and ether, and ETFs based on altcoins such as BNB are rare. Notably, the trusts also include HYPE, the native token of Hyperliquid, which leads the decentralised derivatives market. This is seen as a move to reflect new market demand beyond the existing major cryptocurrencies.
In a recent report, Grayscale forecast the crypto market would recover in 2026 due to regulatory clarity and rising institutional demand.
Chi-gyu Hwang
delight@d-today.co.kr