Grayscale Files for Spot BNB ETF as $118B Token Targets U.S. Public Markets
Key Takeaways:Grayscale Moves to Package BNB for U.S. InvestorsHow the ETF Is StructuredNo Staking, at Least for NowCompetition and Market Context
Grayscale is not the only organization finding the way to approach BNB. Previously, VanEck also submitted a similar proposal but until now it still has not been approved. Outside the U.S., European investors can already access BNB-linked exchange-traded products, showing the gap U.S. issuers are trying to close.
This filing also reflect the broader strategy of Grayscale. After getting the approval for spot Bitcoin and Ether ETFs, the company has been pushing the filing submission for other several major networks.
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