Grayscale Submits Prospectus for BNB Spot ETF, Aiming for First U.S. Approval

Grayscale Investments, a major U.S. cryptocurrency asset manager, has submitted a preliminary prospectus for the 'Grayscale BNB Trust', a spot ETF targeting Binance's native token BNB. This was revealed in a post by James Seyfert, an ETF expert at Bloomberg, on the 16th. According to the prospectus, the ETF will be governed by Delaware state law...