🚨🚨 Grayscale Deposit for BNB ETF Fund 👇👇👇
👉 A significant step towards exposing investors to alternative currencies (Altcoins)
Grayscale Investments submitted Form S-1 to the U.S. Securities and Exchange Commission (SEC) on January 23, 2026, to register a Spot ETF for BNB, in a bold move to expand its investment products in the world of alternative currencies.
👉 An extension of Bitcoin and Ethereum's success
This move comes after the great success of Bitcoin and Ethereum ETFs, positioning BNB as one of the leading candidates to be the next currency to strongly enter institutional and traditional investors' portfolios.
👉 Background of the deposit
Grayscale BNB Trust was established in Delaware on January 8, 2026, as a preliminary stage for this application.
The fund, which will carry the symbol GBNB, will hold BNB directly to reflect its spot price, minus fees, without active trading or using financial derivatives.
The listing of the fund on Nasdaq is still awaiting the submission of form 19b-4 and final approval from the SEC, a process that could take several months amid ongoing regulatory reviews.
👉 Key parties and operations
Coinbase Custody Trust Company will be the custodian for BNB, while Bank of New York Mellon will handle management and transfer services.
The fund's shares represent partial ownership in BNB assets, providing structured and passive exposure to the BNB Smart Chain ecosystem.
👉 The competitive landscape
This is Grayscale's tenth filing in the crypto fund space, following recent moves for funds linked to Hedera, Avalanche, and Bittensor.
Grayscale is also entering direct competition with VanEck, which submitted an application for a Spot BNB ETF in May 2025, which is still under review.
This comes amid increasing demand following the success of Bitcoin and Ethereum funds, which now manage over $100 billion in assets.
👉 Potential market impacts
BNB, which is the primary driver of the BNB Chain network, could significantly benefit from this trend as asset managers in the U.S. accelerate their efforts to provide diversified access to the crypto market.
The potential approval could ignite momentum for alternative currencies (Altcoin Season), but on the flip side, risks such as high volatility and regulatory hurdles are clearly present in the prospectus.
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