Grayscale Files for BNB and Hyperliquid ETFs in Delaware
- Grayscale Investments has registered two new statutory trusts in Delaware for a potential BNB ETF and Hyperliquid ETF.
- These filings are the initial step before seeking approval from the SEC for public listing.
- The Hyperliquid ETF is notable as it is currently the largest perpetual DEX, having processed billions in liquidations without outages during market volatility.
- Grayscale’s recent success includes the approval of its large-cap fund, GDLC, which holds assets like SOL and ADA.
- The BNB Chain is undergoing significant technological upgrades aimed at improving transaction speeds to tens of thousands per second by the year 2026.
These developments reflect Grayscale’s strategic positioning in the evolving cryptocurrency landscape, particularly with anticipated bipartisan legislation that could facilitate approvals for crypto-related ETFs.
With these filings, Grayscale aims to capitalize on emerging trends in digital assets, following a pattern of successful launches like its XRP Trust which has shown consistent growth since inception.
