Grayscale has filed a registration assertion with the US Securities and Alternate Price looking out for approval to open an change-traded fund that tracks BNB, the native token of the BNB Chain.
Per the filing, the proposed Grayscale BNB ETF would defend BNB tokens and purpose to reflect the asset’s market label, much less prices. If licensed, the fund would change on the Nasdaq underneath the ticker GBNB, with Monetary institution of Recent York Mellon listed as transfer agent and Coinbase Custody serving as custodian.
BNB is the native token of the BNB Chain, presently the fourth-finest crypto asset by market capitalization at roughly $120 billion, per CoinGecko info.
Grayscale is the 2d asset manager to propose a BNB-focused ETF after VanEck filed for a identical product in Would possibly presumably presumably 2025. The filing comes amid a broader surge in crypto ETF launches as US regulatory prerequisites beget change into more favorable toward digital asset funding products.
Funds monitoring assets equivalent to Solana, XRP, Dogecoin, Hedera, and Chainlink beget already reached the market. Grayscale has additionally expanded its beget lineup, offering ETFs linked to Bitcoin, Ethereum, XRP, Dogecoin, and Chainlink, and is looking out for to convert its Finish to-focused belief into an ETF.
