Grayscale Seeks SEC Approval for New ETF Designed to Track BNB Price Performance

Grayscale Investments has submitted a Form S-1 to the U.S. Securities and Exchange Commission to register the Grayscale BNB ETF, an exchange-traded fund intended to mirror the price of BNB. The Delaware-incorporated trust would issue shares representing fractional interests in BNB and begin offering them only after the SEC declares the registration effective.