News linked to both this project and an event.
Odaily News Grayscale has updated its ETF application document linked to Hyperliquid, changing the custodian to Anchorage Digital Bank, replacing Coinbase which previously served as the prime broker and custodian.This adjustment has garnered significant attention, as Coinbase has long dominated the crypto ETF custody space. Currently, almost all U.S. spot Bitcoin ETFs (except Fidelity's) rely on its custody services.The filing shows that The Bank of New York Mellon will continue to serve as the transfer agent for this ETF (proposed ticker GHYP). The fund's staking functionality still requires regulatory approval and will utilize CoinDesk's Hyperliquid benchmark pricing data.Furthermore, Anchorage Digital Bank, as the first federally chartered crypto bank in the U.S., has been continuously expanding its institutional service capabilities in recent years, including areas such as stablecoins, wealth management, and token lifecycle management. (The Block)
According to The Block, Grayscale has filed a revised Hyperliquid ETF application with the U.S. Securities and Exchange Commission (SEC), naming Anchorage Digital Bank as the fund’s custodian in place of Coinbase. Anchorage is the first crypto-native bank to receive a federal banking charter in the U.S. and has recently expanded rapidly into stablecoin services, wealth management, and token lifecycle management—becoming the first institution in the U.S. to support TRON. If approved, the ETF will trade on Nasdaq under the ticker “GHYP”; staking functionality remains subject to regulatory approval.
According to TokenInsight’s “Q1 Cryptocurrency Exchange Report,” the competitive landscape of stock perpetual contracts is evolving rapidly, with a growing concentration of market share among top players. In terms of average daily trading volume for stock perpetuals, Binance leads with $149.15 million, capturing 35.23% of the market; Bitget ranks second with $95.74 million, accounting for 22.61%; and Hyperliquid comes third with $73.49 million, holding 17.36% of the market. Collectively, these top three platforms command approximately 75% of the market share, forming the first-tier group in this segment. As major exchanges accelerate their expansion into U.S. equities and TradFi-related products, stock perpetual contracts have become a critical battleground for crypto exchanges seeking to build cross-asset trading capabilities.
According to Bloomberg ETF analyst James Seyffart’s disclosure on X, 21Shares US has updated its Hyperliquid ETF filing, with the ETF ticker symbol THYP. The filing does not yet disclose management fee information. This filing update is believed to be in response to comments and feedback from the U.S. Securities and Exchange Commission (SEC).
According to a post on Grayscale’s official website, the firm has updated its list of cryptocurrencies under consideration for future investment products. Per the latest list, the “Currencies” category includes Bitcoin and XRP; the “Smart Contract Platforms” category now adds Stacks, Sui, Toncoin, and Tron; the “Financials” category includes assets under consideration such as Ethena, Hyperliquid, and Jupiter; the “Consumer & Culture” category features Dogecoin and Decentraland; the “AI” category includes Worldcoin, Virtuals Protocol, Story, and Grass; and the “Utilities & Services” category comprises Chainlink, LayerZero, and Helium. Grayscale stated that this list is reviewed quarterly to provide investors with diversified digital asset investment options.
According to Bloomberg ETF analyst Eric Balchunas, Bitwise has updated its Hyperliquid ETF application filing again; the proposed ticker symbol is BHYP, with an expense ratio of 67 basis points (0.67%). He noted that such updates typically signal an imminent official launch.