Grayscale Applies for Listing of BNB Spot ETF

On the 23rd, it was revealed that U.S. asset management company Grayscale has applied to the Securities and Exchange Commission for a spot exchange-traded fund (ETF) based on BNB. According to the newly submitted registration statement, this ETF will directly hold BNB and issue shares reflecting the net asset value minus any fees. It is anticipated to be listed on Nasdaq with the ticker symbol GBNB. If approved, U.S. investors will be able to invest in BNB in a regulated environment without the need to store the tokens themselves or use a cryptocurrency exchange. Earlier in January, the company had already established a Delaware statutory trust related to BNB and HYPE...