Grayscale seeks SEC approval for BNB ETF, giving US investors regulated exposure to the fourth-largest cryptocurrency. The ETF would hold BNB directly and trade on Nasdaq under the ticker symbol GBNB if approved. BNB, the native token of Binance, has a $120.5 billion market cap and plays a key role in the ecosystem.

VanEck also submitted a registration statement for a BNB ETF, further along in the regulatory review process. Grayscale’s move reflects a broader strategy to expand its crypto investment products, following successful launches of Bitcoin and Ether ETFs. The total value of crypto ETFs under management surpasses $100 billion, showing strong investor demand for regulated crypto exposure.

Read more at CoinTelegraph: Grayscale Files for Spot BNB ETF With SEC