Grayscale has moved a step closer to launching a spot BNB exchange-traded fund, revealing the proposed ticker in an amended SEC filing on June 3.
Grayscale has moved a step closer to launching a spot BNB exchange-traded fund, revealing the proposed ticker in an amended SEC filing on June 3.

Grayscale has moved a step closer to launching a spot BNB exchange-traded fund, revealing the proposed ticker in an amended SEC filing on June 3.
Grayscale Investments submitted an amended registration statement to the U.S. Securities and Exchange Commission for a spot BNB ETF, disclosing the proposed ticker symbol for the first time. The filing marks the latest milestone in the asset manager's push to bring the fourth-largest cryptocurrency by market capitalization to U.S. exchange-traded product investors.
"BNB has been one of the most resilient major cryptocurrencies through the recent market cycle, roughly flat over the past year while most Layer 1 peers experienced significant drawdowns," Patrick Bush, Senior Investment Analyst at VanEck, said in a statement tied to that firm's separate BNB ETF launch.
The BNB Chain ecosystem processes more than 14 million transactions per day and supports over 2.5 million daily active users, according to VanEck. The network holds more than $16 billion in stablecoins and $3.6 billion in tokenized real-world assets, Artemis data shows, sustaining ongoing demand for BNB as the chain's native gas token.
The Grayscale filing follows VanEck's launch of the first U.S. spot BNB ETF, trading as VBNB on Nasdaq with a 0.39 percent sponsor fee and custody through Anchorage Digital Bank. Spot bitcoin ETFs have accumulated $86.45 billion in total net assets since their January 2024 debut, while spot ether ETFs hold $11.6 billion, SoSoValue data shows. Asset managers have since expanded into ETFs tracking SOL, DOGE, HYPE, XRP and AVAX, signaling a broadening of the U.S. crypto ETP market beyond Bitcoin and Ethereum.
If approved, a Grayscale spot BNB ETF would give mainstream investors direct exposure to BNB through traditional brokerage accounts without requiring them to buy or store the token directly. The SEC has not set a formal deadline for its review of the Grayscale filing.
This article is for informational purposes only and does not constitute investment advice.