GRAYSCALE PRESENTS TO THE SEC A SPOT ETF BASED ON BNB.
🏛 Grayscale filed with the U.S. SEC a request to launch a spot ETF for BNB.
The product would aim to track the price of BNB by holding the asset in custody and would allow trading its evolution from the stock market without the need to buy the token directly.
👉 The fund would be listed on Nasdaq under the proposed ticker GBNB.
🇺🇲 The filing was made via a Form S-1, which is the initial step in the regulatory process for an ETF to enter the market in the United States.
This does not imply approval or defined timelines.
The move adds to Grayscale's strategy to expand its offerings beyond Bitcoin and Ethereum, incorporating assets that already have volume, liquidity, and real use within the crypto ecosystem.
🪙 In this context, BNB continues to rank among the tokens with the highest capitalization and activity.
The process may extend for months, and the SEC may request modifications or reject the proposal.
Nevertheless, the request confirms that BNB is still being considered for traditional financial products, even in a challenging regulatory scenario for the crypto sector.
#bnb #SEC #Grayscale #etf #NASDAQ
$BNB
