On January 8, 2026, Grayscale officially registered two statutory trusts (legal trusts) in Delaware (USA) as the foundation for ETFs related to BNB (Binance Coin) and HYPE (the token of Hyperliquid - a leading perpetual futures DEX). This is the initial and common step before formally filing the S-1 registration with the SEC (U.S. Securities and Exchange Commission). Specific details:

  • Grayscale $BNB

    BNB
    BNB
    752.33
    -2.84%

    BNB Trust: File number 10465871.

  • Grayscale $HYPE

    HYPE
    HYPEUSDT
    32.67
    -0.84%

    HYPE Trust: File number 10465863.

  • Registration entity: CSC Delaware Trust Company (Wilmington, Delaware).

  • This is a preliminary step, not an official ETF approval application from the SEC. The approval process can take many months and depends on factors such as liquidity, market oversight, manipulation risks, as well as legal issues related to Binance (for BNB).

The registration of ETFs for tokens from top funds is also a signal to select tokens with Utility (benefits) for individual investors like us.