Grayscale has added BitGo Bank & Trust as an additional custodian for a portion of the HYPE holdings in its Hyperliquid Staking ETF, according to a filing with the Securities and Exchange Commission. BitGo will provide custody and safekeeping services for a portion of the trust’s HYPE holdings. This move reflects the growing demand for institutional custody infrastructure as regulated investment products increasingly target crypto-native assets. Staking products must account for network validation interactions, reward treatment and liquidity maintenance when assets are committed to staking activity. BitGo’s addition illustrates how quickly the institutional wrapper around major crypto assets continues to develop.
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