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Grayscale submits Form S-1 to U.S. SEC for spot BNB Trust ETF and plans NEAR conversion
On January 23, 2026, Grayscale Investments filed a Form S-1 with the U.S. Securities and Exchange Commission seeking approval for the Grayscale BNB Trust, a spot ETF intended to track the price of BNB and list on Nasdaq after a 19b-4 approval. The firm also filed a separate Form S-1 earlier in the week to convert its existing Grayscale Near Trust, which trades on OTCQB under ticker GSNR, into a spot ETF managing about $900,000 in assets.