Grayscale Taps Anchorage as Custodian for Hyperliquid ETF Proposal

The crypto ETF market is witnessing a shift in custodial services with Grayscale's recent update to its Hyperliquid exchange-traded fund proposal. The company has named Anchorage Digital Bank as one of its custodians, replacing Coinbase, which was previously listed as the primary custodian.

This change has sparked attention across the crypto market, indicating growing competition in the custody space. As a result, companies may adapt their strategies to win over investors. Grayscale's update is part of an evolving landscape in crypto ETF custody services, where Anchorage is becoming more prominent alongside Coinbase.