Bloomberg ETF analyst James Seyffart announced on X that digital asset manager Grayscale has filed the third amendment to its S-1 registration statement for a BNB exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). The ETF is assigned the ticker symbol GBNB, but management fees and other cost structures have not been disclosed.
BNB is the native token of Binance, the world’s largest crypto exchange by trading volume, and ranks among the top cryptocurrencies by market capitalization. An S-1 filing is the standard registration document for public securities offerings in the United States, and amendments typically incorporate revisions in response to SEC staff feedback. This filing marks a step forward in Grayscale’s push to launch a BNB ETF, following its well-known Bitcoin and Ethereum trust products.
Grayscale’s existing Bitcoin Trust (GBTC) and Ethereum Trust (ETHE) both carry management fees, but the fee schedule for GBNB will be revealed in future disclosures. Interested investors can monitor the SEC’s EDGAR system for the filing CR number to track the review progress.