#GrayscaleBNBETFFiling
👉Grayscale Investments recently filed a Form S-1 with the U.S. SEC to register its spot BNB ETF, known as the Grayscale $BNB Trust or Grayscale BNB ETF (ticker: GBNB). This filing, submitted on January 23, 2026, aims to track the price of BNB, the native token of the BNB Smart Chain, and list on Nasdaq (pending a 19b-4 filing and approval).👇
👉Filing DetailsThe trust was formed in Delaware on January 8, 2026, as a preliminary step. Shares will represent fractional interests in BNB holdings, with no active trading or derivatives involved—just passive exposure to BNB's performance minus fees. Coinbase Custody Trust Company is set as custodian, with Bank of New York Mellon handling administration.👇
👉Context and CompetitionThis marks Grayscale's tenth crypto ETF push, following successes with Bitcoin, Ethereum, $SOL Solana, and $XRP XRP products. VanEck filed for a spot BNB ETF in May 2025 (still pending), and Bitwise has similar altcoin efforts. Approval awaits SEC review, which could take months.🚨
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