Grayscale Adds HYPE, TON, and TRX to Assets-Under-Consideration Page

Grayscale has updated its assets-under-consideration page to include Hyperliquid (HYPE), Toncoin (TON), and Tron (TRX). This move is significant as it indicates that these tokens are being evaluated for potential inclusion in future investment products.

The addition of HYPE, TON, and TRX suggests that Grayscale is tracking a broader set of smart contract platforms beyond Ethereum and Solana. Both TON and TRX have large user bases, with TON being used primarily for messaging through Telegram and TRX for high-throughput transactions.

Grayscale's watchlist inclusion is notable as it represents one of the clearest public signals of institutional-grade evaluation for a given token. The move comes as spot ETF inflows have lifted multiple major assets in recent weeks, suggesting that institutional investors are becoming more active in the crypto market.