#grayscalebnbetffiling This is a meaningful step if it moves forward. A spot BNB ETF filed by Grayscale with the U.S. Securities and Exchange Commission isn’t just about access — it tests how far regulators are willing to extend crypto ETFs beyond BTC and ETH. With VanEck also involved, this feels less experimental and more like the next phase of ETF normalization, assuming custody and classification hurdles are addressed.