US Dollar Faces Steepest Drop on Policy Uncertainty

Grayscale Seeks SEC Approval for BNB ETF Launch

• Grayscale has filed with the US Securities and Exchange Commission to launch an exchange-traded fund (ETF) tracking BNB, the native token of the BNB Chain.
• The proposed Grayscale BNB ETF aims to reflect BNB’s market price, minus expenses, and would trade on Nasdaq under the ticker GBNB.
• Bank of New York Mellon is listed as transfer agent, while Coinbase Custody will serve as custodian.
• BNB ranks as the fourth-largest crypto asset by market capitalization at approximately $120 billion.
• Grayscale follows VanEck in proposing a BNB-focused ETF amid a surge in crypto ETF launches due to favorable US regulatory conditions.

Grayscale has submitted a filing to launch an ETF for Binance Coin (BNB), trading under GBNB on Nasdaq. This move aligns with increasing crypto ETF activity driven by supportive regulatory environments.