Grayscale joins BNB ETF race with fresh SEC filing for ‘GBNB’
Grayscale has filed with the SEC for the Grayscale BNB ETF, ticker GBNB, to track the BNB token.Summary
Digital asset investment firm Grayscale has submitted a registration statement to the U.S. Securities and Exchange Commission (SEC) for a new product, the Grayscale BNB ETF, which aims to hold BNB, the native token of the BNB Smart Chain. If approved, the ETF would trade under the ticker symbol GBNB on the Nasdaq Stock Market LLC, with Bank of New York Mellon as the transfer agent and Coinbase Custody Trust Company, LLC, as the custodian. BNB is currently the fourth-largest cryptocurrency by market capitalization. Grayscale is the second firm to propose a BNB ETF, following VanEck's filing in May 2025. This move aligns with the recent surge in crypto ETF launches amid a more favorable regulatory environment, as Grayscale already manages several other crypto-linked funds.
(Source：The Block)