Grayscale Seeks SEC Approval for BNB ETF Launch
Grayscale Pursues BNB ETF Approval from SEC
Grayscale Investments has submitted a registration statement to the US Securities and Exchange Commission (SEC) aiming to secure authorization for an exchange-traded fund (ETF) centered on BNB, the native cryptocurrency of the BNB Chain.
The filing reveals that the proposed Grayscale BNB ETF intends to hold BNB tokens and mirror their market value, deducting any expenses. If sanctioned, the ETF will trade on Nasdaq with the ticker GBNB. Bank of New York Mellon will act as the transfer agent, while Coinbase Custody will serve as the custodian.
Currently valued at around $120 billion, BNB is the fourth-largest cryptocurrency by market capitalization according to CoinGecko data.
Grayscale's move follows a similar initiative by VanEck, which filed for a BNB-focused ETF in May 2025. This development occurs amidst a favorable shift in US regulatory conditions for digital asset investment products, leading to an increase in crypto ETF launches.
ETFs tracking cryptocurrencies like Solana, XRP, Dogecoin, Hedera, and Chainlink have already entered the market. Grayscale has expanded its offerings to include ETFs linked to Bitcoin, Ethereum, XRP, Dogecoin, and Chainlink, and is working to transform its Near-focused trust into an ETF.