Grayscale Registers New Delaware Trusts for BNB and Hyperliquid Amid ETF Speculation
Grayscale Investments has quietly registered new Delaware statutory trusts, sparking market speculation about potential ETF filings for BNB and Hyperliquid tokens. The January 8 registrations list CSC Delaware Trust Company as agent—a procedural move often preceding ETF applications, though not definitive proof of impending products.
The crypto asset manager's silence on the matter speaks volumes in an industry where regulatory filings often precede major product launches. Delaware trust formations historically serve as early indicators of ETF ambitions, as seen during Grayscale's bitcoin trust conversion process last year.
Market observers note the strategic timing, coming just weeks after the SEC's landmark approval of spot Bitcoin ETFs. Grayscale's expansion into altcoin investment vehicles would mark a natural progression for the firm that pioneered institutional crypto access through its flagship GBTC product.
