Grayscale registers HYPE ETF entity in Delaware

Grayscale has registered an entity for a HYPE ETF in the U.S. state of Delaware. This is considered a preliminary step before submitting an official ETF application to regulators. Delaware is a popular jurisdiction for financial and investment funds due to its business-friendly environment, which includes tax benefits and flexible corporate structures. The registration follows a similar move by Grayscale earlier today to register an entity for a BNB ETF in the state.