Grayscale Registers Trusts for BNB and HYPE ETPs

Grayscale Investments has registered Delaware trusts linked to potential BNB and HYPE exchange-traded products (ETPs), signaling early-stage institutional interest in these assets. This procedural move, while not a guarantee of eventual ETF filings, represents a strategic positioning within the evolving regulatory landscape for crypto-based investment vehicles. The registration follows Grayscale's established pattern of trust formation preceding formal regulatory submissions.

Analysts note that such registrations typically precede more substantive regulatory filings, though the timeline and approval prospects remain uncertain. The inclusion of BNB, a major exchange token, alongside the emerging HYPE token suggests Grayscale is diversifying its product pipeline beyond Bitcoin and Ethereum. Market observers will monitor whether these trusts evolve into full ETF applications, which would require SEC approval and could significantly impact institutional adoption of these assets.

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