Funding administration firm Grayscale has taken a agency step in direction of increasing its providing of monetary merchandise associated to crypto property. Right this moment, January 23, 2026, the corporate utilized to the U.S. Securities and Trade Fee (SEC) to concern an exchange-traded fund (ETF) primarily based on Binance tokens. The transfer seeks to display BNB’s resilience on Wall Road as an asset for institutional traders.
The fund might be referred to as Grayscale BNB Belief and may have the ticker GBNB, based on official paperwork. This automobile permits traders to realize publicity to property with out having to instantly personal the tokens.. To formalize this course of, Grayscale filed a Kind S-1, step one towards launching a spot ETF.
Nevertheless, the proposal can not proceed except Nasdaq recordsdata a Kind 19b-4 and receives approval from the SEC. The doc particulars the inclusion of Financial institution of New York Mellon, a key accomplice in strengthening BNB’s resilience on Wall Road, because the switch agent and Coinbase Custody because the custodian.
BNB market efficiency
In accordance with a report by CriptoNoticias, the native BNB chain token was one of many property that greatest resisted market turmoil in 2025. In the intervening time, It’s the fourth largest crypto asset by market capitalization, with a dimension of roughly $121 billion. His capability to keep up braveness within the midst of panic reveals he has the maturity to draw enterprise capital.
In October 2025, the asset reached an all-time excessive of $1,370. It’s presently buying and selling round $897, 34% beneath its peak value. Nonetheless, its stability is healthier than some rivals.
You’ll be able to perceive its present place by evaluating it to different property inside the sector. For instance, Ethereum’s native cryptocurrency, Ether (ETH), is buying and selling at $2,961. This represents a 40% drop from the all-time excessive of $4,953 reached in August 2025..
The comparability between BNB and ETH is necessary as a result of they compete because the native currencies of layer 1 networks within the decentralized functions and decentralized finance (DeFi) house, attracting customers and builders with related worth propositions.
Though BNB has been in a position to stay comparatively near its latest peak, ETH is dealing with a moderately deep correction, displaying diminished capability to recuperate floor on this market cycle. This aggressive benefit strengthens the speculation that the token is poised to make a decisive leap to the New York Inventory Trade.
BNB ETF competitors
Grayscale shouldn’t be the one entity of curiosity to this asset. REX Shares – Osprey Funds and VanEck corporations additionally hope to launch their very own BNB ETF. You will need to observe that there are important variations between the 2 methods. Whereas Grayscale and VanEck’s functions focus solely on token costs, solely REX Shares and Osprey Funds’ proposals try to include staking mechanisms to generate further revenue.
The curiosity from these main executives confirms that BNB’s resilience on Wall Road shouldn’t be a short lived development. This asset is carefully related to Binance and is the engine of the community that helps hundreds of decentralized functions. If the SEC grants its approval, BNB will turn into extra than simply an asset within the crypto world, however an necessary a part of world finance.
