Grayscale Expands ETF Ambitions with BNB and Hyperliquid Trust Filings
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 09 2026- Trust Registration Movement: Grayscale's registration of trusts tied to BNB and Hyperliquid in Delaware marks an early step in exploring institutional crypto products, although ETF launches are not guaranteed.
- Shifting Market Demand: This move reflects a growing demand from institutional investors for exposure beyond traditional crypto assets, with Grayscale preparing for a broader market where more institutions are expected to embrace these previously niche crypto assets by 2026.
- Attraction of Hyperliquid: As the largest perpetual futures decentralized exchange, Hyperliquid's resilience during extreme market stress has caught the attention of institutional allocators looking for revenue-generating on-chain infrastructure.
- Regulatory Environment Changes: The improving sentiment around crypto ETFs, driven by steady inflows into existing trust products, suggests that Grayscale's registration actions indicate a strategic recalibration to meet institutional investors' needs for high-activity networks and core DeFi infrastructure.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
