Grayscale Registers HYPE and BNB ETFs as Statutory Trusts in Delaware

Grayscale Registers HYPE and BNB ETFs as Statutory Trusts in Delaware

Grayscale establishes Delaware statutory trusts for its HYPE and BNB ETFs, positioning them for potential future ETF filings despite awaiting SEC approval.

BNB
HYPE

Fact Check
The evidence strongly supports the statement that Grayscale has registered statutory trusts for HYPE and BNB ETFs in Delaware. There is a broad consensus across multiple independent news sources, ranging from mainstream financial outlets to specialized crypto publications. A high-authority source, Yahoo Finance, directly confirms Grayscale's plans and the use of Delaware statutory trust filings. This is corroborated by several other highly relevant sources, including BeInCrypto, Bitget, and BSC News. Critically, one of these sources provides specific Delaware state file numbers for the trusts (10465871 for BNB and 10465863 for HYPE), which adds a significant layer of verifiability and credibility to the reporting, suggesting the information is based on primary documents. The SEC filings provided are irrelevant as they are from a different entity, 'ETF Opportunities Trust', and do not contradict the claim about Grayscale. The low-quality source from Poloniex, which contains inaccuracies, is easily dismissed given the weight of consistent, credible reporting from other outlets. The overwhelming and consistent nature of the secondary evidence makes the statement highly probable, even without the primary Delaware state filings being directly provided.
Summary

Grayscale has registered the HYPE and BNB ETFs as Delaware statutory trusts on January 8, 2026, with CSC Delaware Trust Company acting as the agent. The move is considered a precursor to possible ETF filings, although SEC approval has not yet been granted.

Terms & Concepts
  • ETF (Exchange-Traded Fund): A regulated investment fund traded on stock exchanges that tracks the performance of assets such as cryptocurrencies or stocks.
  • Statutory Trust: A legally recognized business entity created under state law, often used for regulated investment products like ETFs.
  • Grayscale: A digital asset management firm known for offering cryptocurrency investment products to institutional and retail investors.