Grayscale Seeks Approval for BNB ETF, Expanding Crypto Product Line

TLDR

• Grayscale has filed a registration statement with the SEC for the Grayscale BNB ETF.
• The proposed BNB ETF will track Binance’s native token, BNB, and be listed on Nasdaq under the ticker GBNB.
• The ETF aims to provide a regulated way for investors to gain exposure to BNB without managing digital wallets.
• Bank of New York Mellon will serve as the transfer agent while Coinbase Custody Trust will handle custody.
• Grayscale joins VanEck in the race to launch a BNB-linked ETF following a surge in altcoin ETF launches.

Grayscale, a prominent digital asset investment firm, has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) for its proposed Grayscale BNB ETF. This new product aims to track Binance’s native token, BNB, which has gained widespread attention within the crypto market. If approved, the ETF will trade under the ticker GBNB on the Nasdaq Stock Market.

Grayscale BNB ETF Filing Details

On Friday, Grayscale officially filed the registration statement for the Grayscale BNB ETF with the SEC. The filing outlines that the ETF will hold BNB, which is a digital asset linked to the BNB Smart Chain. The token has become one of the top cryptocurrencies, with a market cap of approximately $121 billion. Grayscale’s filing confirms that the ETF will give investors a regulated method of tracking BNB’s price movements without the need for managing digital wallets.

According to the document, the Grayscale BNB ETF will be managed by well-established financial institutions. Bank of New York Mellon will serve as the transfer agent, while Coinbase Custody Trust Company, LLC will handle custody duties. Grayscale’s move into the BNB ETF market follows similar steps it has taken with other cryptocurrencies such as Bitcoin and Ethereum. If the SEC approves the registration, the Grayscale BNB ETF will provide greater exposure to the BNB token.

Grayscale Joins Other Firms in the BNB ETF Market

Grayscale is the second firm to propose launching a BNB-linked ETF. VanEck, another investment firm, filed for a similar ETF back in May 2025. The surge in cryptocurrency ETF filings comes in response to a more favorable U.S. regulatory environment. Over the past year, other altcoin-based ETFs have been launched, tracking tokens like Solana, XRP, and Dogecoin.

Grayscale’s decision to enter the BNB ETF space signals the growing interest in products tied to digital assets. The firm already has a portfolio of ETFs, including those tracking Chainlink, Dogecoin, and Ethereum. With this new filing, Grayscale continues to expand its offerings to accommodate investor demand for diverse cryptocurrency exposure.

The Grayscale BNB ETF aims to provide an easier way for investors to gain exposure to BNB without managing the complexities of digital asset ownership. The filing represents another step in Grayscale’s ongoing strategy to broaden its digital asset product line.

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