Grayscale Expands Custody for Hyperliquid Staking ETF with BitGo
- Grayscale has added BitGo Bank & Trust as an additional custodian for its Hyperliquid Staking ETF.
- The ETF includes assets like HYPE, which originated from a crypto-native trading ecosystem.
- BitGo will provide custody and safekeeping services for a portion of the trust’s HYPE holdings.
- This move is part of Grayscale’s strategy to build institutional infrastructure around specialized proof-of-stake assets.
Grayscale’s addition of BitGo as a custodian reflects the growing complexity and institutionalization of altcoin and staking products like HYPE, which require robust custody arrangements to meet regulatory standards and operational needs.
The inclusion of BitGo demonstrates how quickly institutional frameworks are evolving to support exchange-traded crypto products beyond traditional assets like Bitcoin and Ethereum. (Source)
