#grayscalebnbetffiling — Grayscale Files for Spot Binance Coin ETF 🔥

Grayscale Investments has officially filed a Form S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) to launch a spot Binance Coin (BNB) ETF, potentially trading on Nasdaq under the ticker “GBNB”. The proposed fund would track the price of BNB and give U.S. investors a regulated way to access BNB exposure without holding the token directly.

📌 Key Points:

🔹 Grayscale becomes the second major firm to file for a BNB ETF, following VanEck’s earlier application.

🔹 If approved, the ETF could be listed on Nasdaq and held in regulated custody with partners like Coinbase Custody and Bank of New York Mellon.

🔹 This move expands Grayscale’s ETF lineup beyond Bitcoin and Ethereum, boosting institutional and retail access to altcoin exposure.

📊 Market Reaction:

Despite the filing, markets have shown relative calm, signalling that traders may be waiting for formal approval and fund flows before pricing in significant moves.

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