The product, if approved, would give US investors access to regulated BNB exposure without needing to hold the token themselves.
Grayscale has filed with the US Securities and Exchange Commission to launch a spot exchange-traded fund tracking BNB, marking one of the asset manager’s most ambitious moves beyond Bitcoin and Ether.
According to a registration statement filed on Friday, the proposed Grayscale BNB ETF would hold BNB (BNB) directly and issue shares designed to reflect the token’s market value, minus fees and expenses. The filing indicates the fund is intended to trade on Nasdaq under the ticker symbol GBNB, subject to regulatory approval.
If approved, the product would give US investors regulated exposure to BNB without needing to custody the token themselves or hold it on crypto exchanges.
