Grayscale has officially registered applications for both BNB and HYPE ETFs, marking a major shift in how institutional investors access these digital assets. This move represents a significant expansion in the firm's crypto product offerings beyond Bitcoin and Ethereum. The registrations signal growing institutional appetite for diverse crypto exposure and could reshape the landscape for retail investors seeking regulated fund vehicles. BNB, as the native token of a major blockchain network, and HYPE's emerging market presence, now have a pathway to more accessible institutional-grade investment products. Industry observers view this development as transformative for mainstream adoption, potentially opening doors for traditional asset managers to offer similar products. The move underscores the evolving role of established financial institutions in the crypto space.