Grayscale Files to Register BNB and HYPE Exchange-Traded Funds

The digital asset manager has submitted registration for ETFs based on BNB and HYPE tokens, signaling potential expansion into diversified crypto investment products.

BNB
HYPE

Summary

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Terms & Concepts
  • ETF (Exchange-Traded Fund): A regulated investment fund that tracks the performance of an asset or basket of assets, such as cryptocurrencies, and trades on stock exchanges.
  • BNB: A cryptocurrency created by Binance used primarily for trading fee discounts and other utility within the Binance ecosystem.
  • HYPE: A lesser-known crypto token, details of which may vary, often used in emerging blockchain projects or communities.