Grayscale Taps Anchorage Digital Bank as Custodian for Hyperliquid ETF

Grayscale has taken steps to further develop its Hyperliquid ETF by submitting a revised application to the U.S. Securities and Exchange Commission (SEC).

The key change in the revised application is the switch from an unnamed exchange to Anchorage Digital Bank as the custodian for the ETF.

Anchorage, founded in 2017, was previously designated by Grayscale as a secondary custodian for its Bitcoin and Ethereum trusts. As a federally chartered crypto bank in the U.S., it provides a secure storage solution for digital assets.