Grayscale Pursues Canton Coin ETF After Hyperliquid Fund Debut

Highlights:

• Grayscale filed an S-1 for a Canton ETF to hold Canton Coin directly for public market exposure.
• Canton Coin has slipped nearly 3% as Bitcoin weakness pressures the broader crypto market.
• The Canton ETF filing comes shortly after its successful Hyperliquid staking ETF debut.

Grayscale Investments has moved deeper into the altcoin ETF market after submitting a new registration statement for a spot Canton Coin fund to the U.S. Securities and Exchange Commission on June 5. The proposed product would give investors listed exposure to Canton Coin, the native asset of Canton Network.

The filing comes soon after Grayscale launched its Hyperliquid staking ETF, which started trading on June 3. That debut gave the asset manager fresh momentum as it continues to widen its crypto product shelf beyond Bitcoin and Ethereum.

Grayscale Canton ETF Sets Out Direct Coin Fund Plan

According to the S-1 filing, the proposed Grayscale fund would hold Canton Coin directly for shareholders. The trust would issue public shares designed to reflect the token’s market performance, minus expenses and other fund costs.

Through that structure, investors could gain exposure to CC through normal brokerage accounts. Therefore, they would not need to buy the token, manage wallets, or handle private storage risks. The filing states that the trust would keep most assets in Canton Coin. Moreover, the fund would use a familiar ETF-style structure that Grayscale has used across several digital asset products.

JUST IN: Grayscale files with the SEC for a spot Canton Coin ETF, days after its Hyperliquid staking ETF launched. pic.twitter.com/Yf49ovOAg7

— Wizzy (@WizzyOnChain) June 5, 2026

Canton Network targets financial institutions and enterprise users. The project focuses on blockchain infrastructure that links traditional finance with tokenized systems while giving participants privacy controls for sensitive activity.

Meanwhile, market reaction stayed limited after the filing. Canton Coin is trading around $0.1418, with a decline of nearly 3% over 24 hours. At the same time, Bitcoin has moved toward the $60,000 support area as selling pressure dominates the market.

Hyperliquid Debut Adds Fresh Context to Filing

The Canton Coin application follows Grayscale’s recent Hyperliquid staking ETF launch. The SEC approved the fund before trading began on June 3, and early demand showed steady interest. The ETF attracted nearly $5 million in net inflows during the first two trading sessions, with a cumulative total net inflow of $150 million as of June 4, as per SoSovalue data.

Moreover, Grayscale set a 0.29% management fee, which helped the product compete with rival HYPE exposure funds, such as Bitwise and 21Shares. However, the Canton filing moves into a different segment, since Canton Network focuses on institutional blockchain use and privacy-led financial workflows.

Grayscale Keeps Adding Altcoin Products to Its Pipeline

Grayscale has moved beyond Bitcoin and Ethereum products during the past year. The firm has pursued funds tied to XRP, Solana, Hyperliquid, BNB, and now Canton Coin. The latest filing shows how asset managers continue testing demand for regulated altcoin exposure.

The U.S. filing also follows activity in Europe. On May 26, Bitwise Europe launched a Canton Coin exchange-traded product on Deutsche Börse Xetra under the ticker BWCC. The product gives European investors regulated exposure to CC and holds tokens in storage.

Meanwhile, Grayscale also amended its spot BNB ETF registration statement on June 3. The update disclosed a ticker symbol but left the fee, staking plan, and waiver details open.

据彭博 ETF 分析师 James Seyffart 表示，Grayscale 已向美国 SEC 提交其 BNB ETF 的第三版 S-1 注册声明修订文件。文件显示，该产品名称为 Grayscale BNB ETF，交易代码拟定为 GBNB。https://t.co/9FMfUBvfvR

— 吴说区块链 (@wublockchain12) June 4, 2026