Grayscale is pushing deeper into the post-Bitcoin ETF era. On January 23, 2026, the asset manager filed a Form S-1 registration statement with the U.S. Securities and Exchange Commission to register the Grayscale BNB ETF, a proposed spot exchange-traded fund designed to track the price of BNB, Binance’s native token. The filing follows the Delaware registration of the Grayscale BNB Trust on January 8, a procedural step that signaled intent weeks earlier. With the S-1 now submitted, Grayscale is formally seeking SEC approval to convert that trust into a publicly traded ETF. If approved, the fund would list on NYSE
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