The funding supervisor Grayscale has taken a agency step to broaden its providing of monetary merchandise linked to cryptoassets. The corporate filed an software with america Securities and Trade Fee (SEC) at this time, January 23, 2026, to subject an exchange-traded fund (ETF) based mostly on the Binance token. This transfer seeks to validate BNB’s resilience on Wall Road as an institutional grade asset.
In keeping with the official doc, the fund might be known as Grayscale BNB Belief, beneath the ticker GBNB. This automobile would enable traders to realize publicity to the asset with no need to personal the token instantly.. To formalize this course of, Grayscale filed Type S-1, step one towards launching a spot ETF.
Nonetheless, the proposal is not going to transfer ahead until Nasdaq recordsdata Type 19b-4 and receives approval from the SEC. The doc particulars that the appliance consists of Financial institution of New York Mellon as switch agent and Coinbase Custody as custodian, key companions to consolidate BNB’s resilience on Wall Road.
BNB’s efficiency available in the market
The native BNB Chain token was one of many property that greatest resisted market turbulence in 2025, as reported by CriptoNoticias. At present, it’s the fourth largest crypto asset by market capitalization, with roughly $121 billion. His potential to take care of braveness in instances of panic has proven that he has the maturity to draw enterprise capital.
In October 2025, the asset hit an all-time excessive of $1,370. Though it’s at the moment buying and selling close to $897, 34% under that peak. Regardless of this, its stability is superior to that of a few of its rivals.
The comparability with different property within the sector permits us to know its present positioning. For instance, ether (ETH), Ethereum’s native cryptocurrency, is buying and selling at $2,961, representing a 40% drop from its excessive of $4,953 reached in August 2025.
The comparability between the 2 is related as a result of BNB and ETH compete as native currencies of layer 1 networks within the decentralized purposes and decentralized finance (DeFi) house, attracting customers and builders with related worth propositions.
Whereas BNB has managed to remain comparatively near its current peak, ETH has confronted a barely deeper correction, displaying much less potential to regain floor on this market cycle. This aggressive benefit reinforces the thesis that the token is able to make the definitive leap to the New York inventory exchanges.
Competitors for BNB ETFs
Grayscale isn’t the one entity on this asset. Firms REX Shares – Osprey Funds and VanEck additionally hope to launch their very own BNB ETFs. It is very important observe that there are key variations of their methods. Whereas Grayscale and VanEck’s purposes focus completely on the value of the token, solely the REX Shares and Osprey Funds proposal seeks to include the staking mechanism to generate further earnings.
The curiosity of those giant managers confirms that BNB’s resilience on Wall Road isn’t a passing pattern. The asset is intently linked to Binance and is the engine of a community that helps 1000’s of decentralized purposes. If the SEC grants its approval, BNB will stop to be simply an asset within the crypto world and turn out to be a key piece of worldwide finance.
