#GrayscaleBNBETFFiling

Grayscale has officially filed a Form S-1 registration with the U.S. Securities and Exchange Commission (SEC) to launch a spot BNB ETF that would track the price of Binance Coin (BNB) and trade on Nasdaq under the ticker G BNB. The proposed fund aims to hold BNB directly, offering regulated exposure to the token without requiring investors to custody $BNB themselves, with Coinbase Custody and Bank of New York Mellon named in the filing process. This makes Grayscale the second firm to pursue a BNB spot ETF after VanEck’s earlier filing, highlighting growing institutional interest in broadening crypto ETF offerings beyond Bitcoin and Ethereum. The filing has only sparked modest price reactions so far, as markets increasingly price in ETF filings only after real regulatory approvals or effective registrations, but it underscores continued institutional expansion into $ALT -linked regulated products. �