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Grayscale Files S-1 to Launch BNB-Tracking ETF in the U.S.

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Grayscale Investments has filed an S-1 registration with the U.S. Securities and Exchange Commission (SEC) to launch an exchange-traded fund monitoring BNB.

According to a Form S-1 filed on Friday the proposed product is titled the Grayscale BNB ETF. The submitting seeks approval to supply a publicly traded ETF designed to monitor the value of BNB the native token of the BNB Smart Chain ecosystem.

The fund is sponsored by Grayscale Investments and integrated in Delaware. The registration assertion notes that the providing would begin solely after the SEC declares the submitting efficient which is a normal requirement earlier than shares will be bought to the public.

The preliminary prospectus outlines that the belief will situation shares representing fractional helpful pursuits with the worth of these shares meant to mirror the efficiency of BNB.

As with different crypto ETFs proposed in the U.S. the product wouldn’t actively commerce or use derivatives however would intention to present passive publicity to the underlying digital asset.

Expanding the Scope of Crypto ETFs

The BNB ETF submitting comes as asset managers proceed to take a look at the boundaries of U.S. crypto ETF approvals following the authorization of spot Bitcoin ETFs and, later, spot Ethereum merchandise.

Market members have more and more seen these approvals as a possible gateway for added single-asset crypto ETFs tied to main blockchain networks.

BNB is amongst the largest digital belongings by market capitalization and performs a central position in transaction charges, staking and decentralized purposes inside the BNB Chain ecosystem.

Regulatory Context and Timeline

The SEC will assessment the registration assertion for compliance with disclosure, custody and market-integrity requirements. The course of can contain a number of rounds of feedback and amendments probably extending over a number of months.

The prospectus highlights that the ETF is “topic to completion” and could also be revised earlier than turning into efficient. It additionally highlights customary danger disclosures together with value volatility, regulatory uncertainty surrounding digital belongings in addition to operational dangers tied to blockchain networks.

ETF Flows Pick Up

Digital asset funding merchandise saw a sharp rebound in demand last week, recording $2.17 billion in internet inflows, the strongest weekly complete since October 2025, in accordance to CoinShares information.

The bulk of these inflows arrived early in the week earlier than sentiment deteriorated, pushed by rising geopolitical tensions, renewed tariff threats and recent uncertainty round U.S. financial coverage management.

By Friday, flows had reversed, with crypto funding merchandise posting $378 million in outflows following diplomatic escalation linked to Greenland and renewed issues over international commerce coverage.

The publish Grayscale Files S-1 to Launch BNB-Tracking ETF in the U.S. appeared first on Cryptonews.

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