#GrayscaleBNBETFFiling

Grayscale Investments has officially filed an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) for a spot BNB Exchange-Traded Fund (ETF) — a product designed to provide regulated exposure to Binance Coin (BNB).

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The filing was submitted on January 23, 2026.

Coinpedia Fintech News

The ETF is expected to trade on Nasdaq under the ticker GBNB if approved.

Coin Edition

Grayscale would hold BNB tokens directly in the trust, aiming to track the spot price, less fees.

CoinCentral

Coinbase Custody is set as custodian and Bank of New York Mellon (BNY Mellon) is named as a transfer agent in the filing.

CoinCentral

Where This Fits in the Broader Market

Grayscale becomes the second firm to seek a U.S. spot BNB ETF, following VanEck, which filed its own application in May 2025.

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The filing comes amid a wider expansion of crypto ETF proposals in the U.S. #solona #XRP #Dogecoin #Chainlink etc.).

MEXC

Market Reaction & Context

BNB’s price has remained range-bound with limited immediate reaction to the filing — indicating the market may be treating ETF filings more as “pipeline news” than drivers of instant price moves.

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Coverage notes that some investors are experiencing filing fatigue, with prices only modestly affected so far.

thecoinrepublic.com

What’s Next

The SEC review process will determine whether the ETF advances — an S-1 filing is an early step and doesn’t guarantee approval.

Coin Edition

Grayscale and VanEck are now essentially in a race to bring the first U.S. spot BNB ETF to market.