Grayscale expanded its ETF plans by filing a Form S-1 with the SEC on January 23, 2026 for a spot BNB fund, and moving to convert its Grayscale Near Trust into a spot NEAR ETF. The BNB move places it alongside VanEck, while coverage noted NEAR rose more than 3% even as the broader crypto market faced pressure.

U.S. spot Bitcoin ETFs logged about $697 million in net inflows on January 5, led by BlackRock’s IBIT and Fidelity’s FBTC. Bitcoin traded near $93,800 and briefly set a 2026 high around $94,000, while thin liquidity and resistance near $95,000 may challenge momentum if flows ease.