eff
101 views
2 Discussing
Hot
Latest
Binanace News🔥
BNB News: Grayscale Files for Spot BNB ETF With SEC, Expanding Beyond Bitcoin and Ether
Grayscale has filed with the US Securities and Exchange Commission (SEC) to launch a spot BNB exchange-traded fund, marking one of its most significant expansions beyond Bitcoin and Ether as asset managers race to broaden regulated crypto exposure in the United States.
According to a registration statement submitted Friday, the proposed Grayscale BNB ETF would hold BNB directly and issue shares designed to track the#BTC
oken’s market price, minus fees and expenses. The fund is intended to trade on Nasdaq under the ticker GBNB, pending regulatory approval.
If approved, the product would allow US investors to gain regulated exposure to BNB without directly holding or custodying the token, removing the need to use crypto wallets or exchanges.
BNB ETF filing highlights shift beyond BTC and ETH
The filing is notable given BNB’s size and role within the crypto market. BNB is currently the fourth-largest cryptocurrency by market capitalization, valued at approximately $120.5 billion at the time of filing.
BNB serves as the native token of the Binance ecosystem, with utility across the BNB Smart Chain and Binance platform. The token is used for transaction fees, onchain governance participation, and trading fee discounts, among other functions.
A US-listed spot ETF tied to BNB would mark one of the first attempts to bring exposure to a major exchange-linked token into traditional financial markets.
Competition emerges as VanEck also pursues BNB ETF
Grayscale is not alone in pursuing regulated BNB exposure.
Asset manager VanEck has also filed a registration statement for its own proposed BNB ETF, including an amended Form S-1 seeking a Nasdaq listing under the ticker VBNB. VanEck’s filing places it slightly further along in the regulatory review process.
The parallel filings signal growing confidence among institutional managers that US regulators may eventually expand ETF approvals beyond Bitcoin and Ether.
Grayscale expands crypto ETF strategy
The BNB filing reflects Grayscale’s broader push to diversify its product lineup following the approval of spot Bitcoin and spot Ether ETFs in the US...
#BNB #BTC #EFF
Grayscale has filed with the US Securities and Exchange Commission (SEC) to launch a spot BNB exchange-traded fund, marking one of its most significant expansions beyond Bitcoin and Ether as asset managers race to broaden regulated crypto exposure in the United States.
According to a registration statement submitted Friday, the proposed Grayscale BNB ETF would hold BNB directly and issue shares designed to track the#BTC
oken’s market price, minus fees and expenses. The fund is intended to trade on Nasdaq under the ticker GBNB, pending regulatory approval.
If approved, the product would allow US investors to gain regulated exposure to BNB without directly holding or custodying the token, removing the need to use crypto wallets or exchanges.
BNB ETF filing highlights shift beyond BTC and ETH
The filing is notable given BNB’s size and role within the crypto market. BNB is currently the fourth-largest cryptocurrency by market capitalization, valued at approximately $120.5 billion at the time of filing.
BNB serves as the native token of the Binance ecosystem, with utility across the BNB Smart Chain and Binance platform. The token is used for transaction fees, onchain governance participation, and trading fee discounts, among other functions.
A US-listed spot ETF tied to BNB would mark one of the first attempts to bring exposure to a major exchange-linked token into traditional financial markets.
Competition emerges as VanEck also pursues BNB ETF
Grayscale is not alone in pursuing regulated BNB exposure.
Asset manager VanEck has also filed a registration statement for its own proposed BNB ETF, including an amended Form S-1 seeking a Nasdaq listing under the ticker VBNB. VanEck’s filing places it slightly further along in the regulatory review process.
The parallel filings signal growing confidence among institutional managers that US regulators may eventually expand ETF approvals beyond Bitcoin and Ether.
Grayscale expands crypto ETF strategy
The BNB filing reflects Grayscale’s broader push to diversify its product lineup following the approval of spot Bitcoin and spot Ether ETFs in the US...
#BNB #BTC #EFF
Roman Storm, Co-Founder of Tornado Cash, Receives Strong Support in Legal Battle
Roman Storm – co-founder of Tornado Cash – is facing money laundering charges in the U.S. However, he has just received strong support from the Paradigm investment fund and the EFF civil liberties organization, as his legal battle could significantly impact the future of privacy technologies in crypto.
Paradigm Grants $1.25 Million for Legal Fees
The venture capital fund #paradigm announced a $1.25 million grant to support Storm in the legal battle. Paradigm co-founder, Matt Huang, described the charges against Storm as "an attack on software developers," which could create a dangerous precedent when programmers are held responsible for how others use the technology they create.
Paradigm Grants $1.25 Million for Legal Fees
The venture capital fund #paradigm announced a $1.25 million grant to support Storm in the legal battle. Paradigm co-founder, Matt Huang, described the charges against Storm as "an attack on software developers," which could create a dangerous precedent when programmers are held responsible for how others use the technology they create.
Login to explore more contents