According to The Block, Grayscale has submitted an amended application to the U.S. Securities and Exchange Commission (SEC) for the Hyperliquid ETF, replacing Coinbase with Anchorage Digital Bank as the fund’s custodian. Anchorage is the first federally chartered crypto bank in the U.S. and has recently expanded rapidly into stablecoins, wealth management, and token lifecycle services, becoming the first institution in the U.S. to support Tron. If approved, the ETF will trade on Nasdaq under the ticker "GHYP," though staking functionality remains subject to regulatory approval.
Grayscale Updates Hyperliquid ETF Application, Replaces Coinbase with Anchorage as Custodian
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Summary
Grayscale has filed an updated ETF application with the SEC for its Hyperliquid ETF, replacing Coinbase with Anchorage Digital Bank as the custodian. Anchorage, the first U.S.-chartered digital bank, now supports Tron and offers stablecoin and wealth management services. If approved, the ETF will trade on Nasdaq under the ticker GHYP and include staking features, pending regulatory approval. This development occurs amid ongoing updates in the Bitcoin ETF landscape, as firms continue to refine their proposals for U.S. regulatory approval.
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