Core Insights - Grayscale is initiating the launch of exchange-traded funds (ETFs) for BNB and Hyperliquid, having filed statutory trusts with the Delaware Division of Corporations, a necessary step before formal ETF applications to the SEC [1][2] Group 1: ETF Registration and Filing Process - Grayscale registered the statutory trusts for BNB and HYPE on January 8, with specific file numbers assigned for each trust [2] - The next step for Grayscale will likely involve filing a registration statement (S-1) with the SEC, detailing the ETF's structure, investment strategy, and regulatory requirements [3] Group 2: Market Context and Competitors - The SEC's approval of generic listing standards for crypto ETFs has simplified the listing process for qualifying products, eliminating the need for asset-specific rule changes [4] - Grayscale's move aligns it with VanEck, which has also filed for a spot BNB ETF and plans to launch an ETF tied to Hyperliquid's HYPE token [5] Group 3: Strategic Shift and Historical Context - The registration of a HYPE ETF marks a significant shift in Grayscale's approach, as it typically selects older assets for its products, with HYPE being relatively new at around one year old [5][6] - Grayscale currently has nine live crypto-focused ETFs, providing exposure to major cryptocurrencies like Bitcoin and Ethereum, and has filed for additional altcoin ETFs [6] Group 4: Market Performance - Both BNB and HYPE are facing market challenges, but BNB has shown resilience, trading at $892 with a 0.84% increase over the past 24 hours [8]

Group 1 - Grayscale has filed for a spot BNB ETF in Delaware, marking a significant step towards launching an exchange-traded fund for Binance Coin (BNB) [2] - This filing is a preliminary move before a formal application to the US Securities and Exchange Commission (SEC), making Grayscale the second major asset manager to pursue a BNB-focused ETF after VanEck [2] - The filing comes at a time when altcoin ETFs for XRP and Solana are gaining traction, indicating a broader trend towards crypto ETFs expected to continue into 2026 [1][2] Group 2 - Following the ETF filing, BNB price has shown a modest increase of 1.79%, with analysts predicting a potential rally past $1,000 soon [1][4] - Analysts believe BNB is forming a technical double-bottom pattern above the $850 level, suggesting renewed bullish momentum [5] - If BNB clears the key horizontal resistance, it could move towards the $1,000 mark, with some analysts projecting a long-term target of $3,000 during the next bull phase and even higher macro-cycle targets between $10,000 and $20,000 [6][7]

⚠️ Risks, ETFs & Infra🔹 GANA PayFi was exploited for ~$3.1M after its PancakeSwap liquidity was drained.🔹 @vaneck_us updated its S-1 for a spot BNB ETF (VBNB) without staking rewards.🔹 BNB Chain will drop Erigon by Dec 31, 2025, pushing nodes toward Reth-BSC.6/7 ...

VBNBSWFT Blockchain (@SwftCoin):🚨 VanEck Files for a Spot BNB ETFSEC filings show VanEck Digital Assets is launching the VanEck BNB ETF (VBNB) on Nasdaq.The fund will hold BNB directly and track the MarketVector BNB Index, with no staking for now (future staking would use third-party providers with advance https://t.co/bBzyrv3tXS ...

JUST IN: Vaneck has filed an S-1 amendment for its spot $BNB ETF (VBNB) ...