Grayscale Registers HYPE and BNB ETFs in Delaware, Paving Way for Future Products
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
- Trust Registration Progress: Grayscale has registered two new trusts, the Grayscale HYPE ETF and Grayscale BNB ETF, in Delaware, marking an initial step in its expansion within the crypto asset space and potentially laying the groundwork for future ETF launches.
- Market Reaction: Despite the trust registration news not having an immediate impact on the market, participants remain attentive to Grayscale's future strategies, particularly in the absence of SEC filing confirmations, leading to cautious investor sentiment.
- BNB Price Dynamics: Currently, BNB is priced at $907.86 with a market cap of $125.04 billion and a 24-hour trading volume of $1.88 billion, reflecting a 7.30% increase, indicating potential market reactions to Grayscale's developments.
- Strategic Implications: Grayscale's registration actions may suggest readiness for further advancements in the crypto market, which could have profound effects on market structures and investment strategies once regulatory approvals are obtained.
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.






