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Crypto•21 April 2026•

1 min read

Grayscale Amends Hyperliquid ETF Filing, Switches Custodian to Anchorage Digital

Elon Musk in a suit against an orange background with a glowing 'X' symbol. Below are stacks of money and glowing texts '$TSLA', '$BTC', and '$ETH'.

Key Facts

1Grayscale filed an amended registration statement with the US SEC for its proposed Hyperliquid ETF.

2Anchorage Digital Bank replaced Coinbase Custody as the primary custodian for the fund's digital assets.

3The ETF is designed to track exposure to Hyperliquid (HYPE), a decentralized derivatives protocol.

Version History

1 additional source confirmed this story

Grayscale has filed an amended registration statement with the US Securities and Exchange Commission (SEC) for its proposed Hyperliquid ETF. A key update in the filing is the replacement of Coinbase Custody with Anchorage Digital Bank as the primary custodian for the fund's digital assets. The ETF is designed to provide investors with exposure to Hyperliquid (HYPE), a prominent decentralized derivatives protocol. The shift to Anchorage Digital, a federally chartered institution, likely reflects a strategic move to align with regulatory expectations regarding asset custody. This amendment highlights Grayscale's ongoing commitment to diversifying its crypto-linked investment products. While significant for the fund's structure, the move is considered a procedural step in the lengthy SEC approval process. Market participants are closely watching how these custodial changes might influence the regulator's final decision.