Grayscale Amends Hyperliquid ETF Filing, Replaces Coinbase With Anchorage as Custodian

Grayscale amended its Hyperliquid ETF filing on April 20, replacing Coinbase with Anchorage Digital Bank as custodian for the proposed fund, a switch that goes beyond operational logistics. Coinbase Custody Trust Company is the primary custodian for nearly all U.S.-traded spot bitcoin ETFs, making its removal from this filing a deliberate signal rather than a routine substitution.The core question: does swapping in a…