Nasdaq and SEC Barriers: A Tough Road for GBNB to Officially Trade
Although the S-1 filing has been submitted, the fate of #GBNB still entirely depends on whether the Nasdaq exchanges submits a rule change application 19b-4 and receives a nod from the SEC. This is the largest legal barrier that every digital asset ETF fund must face. Grayscale is working hard to prove the safety and transparency of BNB to convince U.S. authorities. Separating staking activities from the fund is a strategic move to ensure that trading orders will not get caught up in complex legal disputes related to securities in the United States. #anh_ba_cong
In the context of the financial market undergoing strong shifts, supporting a product like GBNB will provide investors with additional tools for defense and diversification of their portfolios. Activities to transfer ownership through fund shares help eliminate concerns about the security of personal wallets. If approved, this will be evidence of regulatory recognition of the role of major blockchain chains. The collaboration between traditional exchanges and digital asset management entities will create a healthy investment environment, minimizing risks from regulatory violations while promoting organized institutional capital flow into the market. $BNB
