Twin-FX

#GrayscaleBNBETFFiling : Grayscale Takes Major Step Toward Spot BNB ETF Approval Grayscale Investments has filed an official Form S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) to seek approval for a spot Binance Coin (BNB) ETF, marking a significant expansion of its crypto ETF lineup beyond Bitcoin and Ether. The proposed fund — expected to trade on Nasdaq under the ticker GBNB — would provide U.S. investors regulated, direct exposure to BNB without the need to custody tokens themselves. The ETF is structured to issue shares that reflect the spot price of BNB, with Coinbase Custody acting as the custodian and Coinbase handling prime brokerage functions. This filing comes just weeks after Grayscale registered the BNB ETF trust as a statutory trust in Delaware on January 8, a common preparatory step before seeking SEC review. A successful approval would make Grayscale the second major asset manager to pursue a BNB spot ETF in the U.S., following VanEck’s earlier filing and joined by other proposals from firms like REX-Osprey and Tuttle Capital. Despite the excitement around the filing, BNB’s price action has remained range-bound, suggesting that market impact may be subdued until regulatory clarity or ETF launch expectations strengthen. Analysts note that crypto ETF filings have evolved from headline-driven reactions toward a more institutional pipeline phase as the SEC’s framework for digital asset ETFs becomes more standardized. In short: Grayscale’s BNB ETF filing marks an important milestone in crypto ETF development, offering traditional investors a new regulated pathway to gain exposure to one of the world’s largest tokens — but markets are watching closely for approval timelines and technical impacts.