In January 2026, Grayscale Investments officially moved to bring Binance Coin (BNB) into its regulated product suite, following several key regulatory steps:
Spot BNB ETF Filing: On January 23, 2026, Grayscale filed a Form S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) to launch the Grayscale BNB ETF.
Proposed Listing details: The fund is intended to trade on Nasdaq under the ticker symbol GBNB. It is designed to track the spot price of BNB directly, providing institutional and retail investors with regulated exposure without the need to hold the token in a digital wallet.
Trust Registration: Prior to the formal SEC filing, Grayscale registered a statutory trust for BNB in Delaware on January 8, 2026, as a preliminary legal step.
Operational Structure:
Custodian: Coinbase Custody has been named as the entity responsible for handling the underlying BNB asset storage.
Yield Generation: The filing indicates the trust may engage in staking BNB to generate additional returns for shareholders, subject to future regulatory approval.
Market Context: Grayscale is the second major asset manager to pursue a BNB ETF, following a similar filing by VanEck earlier in the year. The move is part of Grayscale's broader 2026 strategy to expand beyond Bitcoin and Ether into major altcoins like Solana (GSOL) and XRP (GXRP).
As of late January 2026, the fund is pending regulatory approval and has not yet commenced public trading.