#GrayscaleBNBETFFiling Grayscale has filed a Form S-1 with the U.S. SEC to register the Grayscale BNB ETF, seeking approval to offer a publicly traded ETF tracking BNB, the native token of the BNB Chain. If approved, the ETF will be listed on Nasdaq under the ticker symbol GBNB. This move is part of Grayscale's strategy to expand its crypto product lineup, following the approval of spot Bitcoin and Ether ETFs ¹ ² ³.
*Key Details:*
- *ETF Structure*: The Grayscale BNB ETF will hold BNB tokens directly and aim to reflect the asset's market price, less expenses.
- *Custodian*: Coinbase Custody Trust Company will serve as the custodian for the digital assets.
- *Transfer Agent*: Bank of New York Mellon will handle transfer and administrative duties.
- *Competition*: Grayscale is the second asset manager to propose a BNB-focused ETF, following VanEck's filing in May 2025.
The SEC will review the filing for disclosure accuracy, asset custody standards, and monitoring systems. Approval may enhance liquidity and transparency around BNB trading activity ⁴ ² ⁵.
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