Grayscale has formed trusts in Delaware potentially connected to BNB and HYPE Exchange Traded Products (ETPs), according to reports. The registration of these trusts is an initial action that sometimes, but not always, leads to the filing for an ETF. The development indicates Grayscale's continued exploration of new investment vehicles within the digital asset space. The creation of these trusts represents a preliminary step and does not ensure the launch of any specific investment product.

Grayscale has formed trusts in Delaware potentially connected to BNB and HYPE Exchange Traded Products (ETPs), according to reports. The registration of these trusts is an initial action that sometimes, but not always, leads to the filing for an ETF. The development indicates Grayscale's continued exploration of new investment vehicles within the digital asset space. The creation of these trusts represents a preliminary step and does not ensure the launch of any specific investment product.