According to the latest market information, Grayscale officially submitted its S-1 registration application for a spot BNB ETF to the U.S. Securities and Exchange Commission (SEC) on January 23, 2026. This application marks Grayscale's formal move forward with its plan to include BNB in mainstream investment products.
@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
This is reportedly a key step for Grayscale in converting its Grayscale BNB Trust, previously registered in Delaware on January 8, into a formal spot ETF. The ETF is planned to be listed on the NYSE Arca exchange and will hold real BNB held in cold wallets at a 1:1 ratio, allowing investors to gain BNB price exposure without directly holding or managing the cryptocurrency.
Furthermore, this marks the second major asset management company, after VanEck, to formally pursue an application for a BNB spot ETF. However, the SEC has not yet approved it, and the review process may take some time, with the possibility of revisions during that period.
It's worth noting that due to BNB's high correlation with the Binance ecosystem, its regulatory sensitivity may pose additional challenges. However, this also reflects the continued strong expansion trend of crypto ETFs in 2026, with more altcoin products entering the institutional field of vision after BTC, ETH, SOL, XRP, and others.
BNB rose slightly.
Following the release of the news, BNB saw a slight short-term rise, with the price temporarily at $890.
