Spot BNB ETF is coming? Grayscale has officially submitted an S-1 registration statement to the SEC, and BNB has experienced a slight short-term rally.

2026-01-23 14:30:40

Abstract generation in progress

According to the latest market information, Grayscale officially submitted an S-1 registration statement for a spot BNB ETF to the U.S. Securities and Exchange Commission (SEC) on January 23, 2026. This application marks the beginning of Grayscale’s plan to include BNB as a mainstream investment product.
(Background: Why is Base nicknamed the “White BNB Chain”? What are the cultural differences between the two?)
(Additional context: Crypto passive income secret 2.0: Hold 10 BNB in 2025, rely on Alpha and ecosystem to passively earn 99% of tokens)

📊 @Grayscale has filed an S-1 with the SEC to convert its BNB Trust into a spot BNB ETF, following the trust’s Delaware registration on January 8.

The ETF is planned to trade on NYSE Arca and would be backed 1:1 by BNB held in cold storage. If approved, it would give investors… pic.twitter.com/mv4UC2Qr7D

— Watcher.News (@watchernewsx) January 23, 2026

It is understood that this is a key step for Grayscale to convert its previously registered Grayscale BNB Trust in Delaware on January 8 into an official spot ETF. The ETF plans to be listed on NYSE Arca and hold real BNB stored in cold wallets at a 1:1 ratio, allowing investors to gain BNB price exposure without directly holding or managing cryptocurrencies.

Additionally, this is the second major asset management company after VanEck to officially push forward with a BNB spot ETF application. However, the SEC has not yet approved it, and the review process may take some time, with the possibility of revisions during the period.

It is worth noting that, due to BNB’s high correlation with the Binance ecosystem, regulatory sensitivity may pose additional challenges. Nonetheless, this also reflects the continued strong expansion trend of crypto ETFs in 2026. Following BTC, ETH, SOL, XRP, more altcoin products are entering institutional focus.

BNB Slightly Rises

After the news was released, BNB experienced a slight short-term increase, with the price temporarily reported at $890.

BNB3.98%

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