Grayscale filed an S-1 with the SEC on Jan 23 for a spot BNB ETF (ticker GBNB), aiming to track BNB price via direct holdings — trading on Nasdaq, Coinbase custody, BNY Mellon admin.
Filing Highlights
Delaware trust formed Jan 8; passive exposure (no derivatives), potential staking yields (pending approval), fractional shares mirroring $120B BNB cap. Follows VanEck's 2025 BNB ETF bid — 10th Grayscale crypto ETF after BTC/ETH/SOL.
Bullish for BNB/Crypto
Unlocks institutional inflows sans self-custody; approval (Q3-Q4 2026?) could spike BNB demand amid altcoin ETF wave (AVAX/NEAR next?). Ties to #MarketRebound, tariff relief.
BNB to $1K? 🚀$BNB  #GrayscaleBNBETFFiling