Grayscale files S-1 seeking approval for BNB ETF

Grayscale has submitted a registration statement (S-1) to the U.S. Securities and Exchange Commission (SEC) to establish the Grayscale BNB ETF, which would track BNB, the native token of the BNB Chain. The proposed fund aims to mirror BNB's market price, less expenses, and, if approved, would trade on the Nasdaq under the ticker GBNB. Bank of New York Mellon is designated as the transfer agent, and Coinbase Custody will serve as the custodian. BNB is currently the fourth-largest cryptocurrency by market capitalization. Grayscale is the second asset manager to propose a BNB-focused ETF, following a similar filing by VanEck in May 2025, as the regulatory environment in the U.S. becomes more amenable to digital asset investment products.

(Source：Crypto Briefing)