Grayscale expands custody and trading options for two crypto ETFs
Image: Bitcoin.com NewsGrayscale filed an October 5, 2026 8-K with the SEC adding BitGo Bank & Trust as an additional custodian for its Hyperliquid Staking ETF (HYPG), effective September 30, 2026. As of the filing date, HYPG held roughly $217.8 million in assets under management, with 6.54 million shares outstanding, 88.66% of its assets staked for average gross rewards of 2.26%. Separately, Grayscale's XRP ETF (GXRP) added Anchorage Digital Bank N.A. as a custodian and expanded institutional exchange options to permit in-kind XRP delivery for share creations and redemptions.
Key points
- Grayscale is expanding custody and trading options for two listed crypto ETFs
- Both changes are formalized in regulatory filings submitted to the SEC
- The updates adjust how the funds' underlying crypto assets are held and managed
Why it matters
Custody diversification reduces single-provider risk for the funds' underlying assets, while GXRP's in-kind delivery option streamlines institutional share trading. The updates affect holders of HYPG and GXRP.
What's unclear
Specific asset allocation shares between new and existing custodians are not disclosed
The exact effective date for GXRP's in-kind transaction option is not specified
Price context · XRP
At publication
$1.42
Now
$1.42
Change since
+0.00%
7 days · dashed line = publication
Sources · 3 publishers
The Crypto Basic
Tier 2
Grayscale Upgrades its XRP ETF as GXRP Can Now Use XRP Directly for ETF Creations and Redemptions
Bitcoin.com News
Tier 2
Grayscale XRP ETF Adds In-Kind Transactions and New Custodian
Coverage timeline
- First reported by Crypto Briefing
- Confirmed by The Crypto Basic
- CryptoVideos brief published
How this brief was made. Our system found this event in 3 independent publications, summarised two complete reports with AI and checked every number above against the source text. Sources are linked in full. Not financial advice. Report an error
