Grayscale's application for a BNB ETF is much bigger than you think.
Don't just focus on how much the candlestick chart has gone up; the logic behind this is that the tens of billions of dollars in fines that Binance paid before have finally been heard.
Previously, the SEC was adamant about BNB being a security, almost wanting to eliminate it completely. Now that a Wall Street veteran like Grayscale dares to step in and apply for an ETF, what does that indicate?
It indicates that in the eyes of institutions, the most dangerous time has passed. This application is equivalent to giving BNB a **"good citizen certificate"** to enter the mainstream financial circle.
Moreover, you need to understand why Grayscale chose BNB?
Because it actually makes money!
There are token burns, Launchpool mining, and ecological income. Compared to those public chains that only issue tokens and rely on VC blood transfusions, BNB is more like a technology blue-chip stock with high dividends every year.
Those Wall Street folks in suits are very shrewd; what they value is this kind of real cash flow.
Let me be straightforward:
If you have BNB, hold on tight.
Before, it was our retail miner's "gold shovel"; now it is the "hot cake" in the portfolios of Wall Street big shots.
This wave is a win for Binance, and also a win for those who hold BNB.
#BNB #Grayscale Grayscale submitted the BNB ETF application.