Grayscale applied to the SEC for a BNB ETF.

Grayscale Files for BNB ETF

On January 26, 2026, Grayscale submitted an application to the U.S. Securities and Exchange Commission (SEC) for a spot exchange-traded fund (ETF) tracking BNB, the native token of the BNB Chain. This new move aims to provide investors with the opportunity to invest in BNB without directly holding it.

BNB Trust and Application Details

This fund, named Grayscale BNB Trust, will trade under the symbol “GBNB.” The company has submitted Form S-1 registration statement as the first step in the spot ETF launch process. However, for the proposal to be realized, the designated listing exchange, Nasdaq, must submit the relevant 19b-4 form, and SEC approval is required.

VanEck and Other Competitors

It is highlighted that Grayscale's application follows a similar application made by VanEck in April. VanEck, despite recently launching a Solana ETF that offers staking options, made significant revisions to its BNB ETF offer in November by removing staking. The preference for a structure without staking in Grayscale’s proposal also reflects the regulatory uncertainties in the U.S.

Intense Activity in Crypto ETFs

The BNB application adds to Grayscale's recent ETF activities. The company is increasing its influence in the sector by presenting various ETF proposals for other crypto assets like the NEAR Protocol. These steps by Grayscale hold the potential to create significant opportunities for cryptocurrency investors.

The information provided here does not constitute investment advice. It is important to perform your own research before making investment decisions.