- Grayscale files for BNB ETF, aiming Nasdaq listing approval.
- Grayscale expands portfolio with BNB ETF, seeks SEC approval.
- BNB ETF filing could add Grayscale to Nasdaq’s crypto offerings.
Grayscale, a leading digital asset management company, has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) for its Grayscale BNB ETF. The filing, submitted on Friday, marks the company’s ambitious move to offer exposure to BNB, a digital asset linked to the BNB Smart Chain. If approved, the ETF will carry the ticker GBNB and is poised to trade on the Nasdaq Stock Market.
In its S-1 filing, Grayscale revealed that the fund would be sponsored by Grayscale Investments Sponsors, LLC, and incorporated in Delaware. The filing also mentions the Bank of New York Mellon as the transfer agent and Coinbase Custody Trust Company, LLC as the custodian for the ETF. The company highlighted its plans to list the ETF on the Nasdaq once it gets the green light from the SEC.
BNB, the native token of the BNB Chain, holds a prominent position in the market, ranking fourth by market capitalization, with a value surpassing $121 billion. The BNB Chain itself is closely associated with the Binance cryptocurrency exchange, making BNB a significant player in the world of digital assets.
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Grayscale’s Expansion into BNB ETFs and the Growing Crypto ETF Trend
This latest filing positions Grayscale as the second company to propose a BNB ETF, following VanEck’s filing earlier in May 2025. As the interest in crypto ETFs grows, Grayscale’s move aligns with the increasing number of applications for similar products. The trend reflects the changing regulatory landscape in the U.S., where digital assets are gaining more favorable attention from regulators.
Grayscale, known for its diverse crypto ETF offerings, already provides products linked to major assets such as Bitcoin, Ethereum, XRP, and Dogecoin. Should the SEC approve this latest filing, the Grayscale BNB ETF will further strengthen the company’s portfolio and provide investors with another avenue for regulated exposure to digital assets.
With crypto ETFs becoming a significant focus in the investment community, the Grayscale BNB ETF could offer investors a valuable way to gain exposure to one of the largest cryptocurrencies by market capitalization. However, approval by the SEC remains a key hurdle before the fund can begin trading on Nasdaq.
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