Grayscale forms trusts tied to potential BNB and HYPE ETFs

Grayscale has registered Delaware trusts linked to potential BNB and HYPE ETPs. This move typically precedes ETF applications but does not guarantee them. The establishment of these trusts reflects growing interest in the crypto market and may spur expectations for the ETF of emerging tokens like BNB and HYPE. This could lead to new inflows from investors, particularly making it easier for institutional investors to access crypto assets. While the market may embrace this news and strengthen its resilience toward risk assets, it may still take time before ETF approvals are granted. Investors should monitor regulatory responses closely as BNB and HYPE-related movements may indicate significant future directions.