Grayscale has filed for an ETF that tracks Binance's BNB token, following a similar bid by VanEck. The proposed trust, named "GBNB", aims to provide investors with exposure to the native token of the BNB chain without requiring direct ownership of the tokens. The approval of the ETF is contingent upon Nasdaq's filing, according to reports. This development indicates growing institutional interest in providing regulated investment vehicles for accessing popular crypto assets.

Grayscale has filed for an ETF that tracks Binance's BNB token, following a similar bid by VanEck. The proposed trust, named "GBNB", aims to provide investors with exposure to the native token of the BNB chain without requiring direct ownership of the tokens. The approval of the ETF is contingent upon Nasdaq's filing, according to reports. This development indicates growing institutional interest in providing regulated investment vehicles for accessing popular crypto assets.