🚨JUST IN: Grayscale Files S-1 for Spot BNB ETF📊
Big news for the crypto space! Grayscale Investments just submitted its S-1 registration to the SEC for the Grayscale BNB Trust (ticker: GBNB) — a spot ETF that would directly track Binance Coin (BNB).
This move comes weeks after registering the trust in Delaware and puts Grayscale in direct competition with VanEck, which filed its own BNB ETF application last year.
A spot BNB ETF would give traditional investors regulated, straightforward exposure to BNB without needing wallets, private keys, or direct custody. It’s another major step toward institutional adoption of the BNB Chain ecosystem, which already powers one of the largest DeFi, gaming, and NFT landscapes in crypto.
With Bitcoin and Ethereum ETFs now mainstream, altcoin products like this signal growing confidence from major asset managers. If approved, it could open significant new capital flows into BNB.
Exciting times ahead for the community. 🚀
#BnbETF #CryptoETF #GrayscaleBnbEtf
