Important points
- Grayscale has taken early steps towards a potential BNB ETF.
- Despite renewed interest in ETF products, BNB has lagged behind major crypto assets.
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Grayscale Investments registered a statutory trust for the proposed BNB exchange-traded fund in Delaware on January 8, 2026, according to state records. This filing establishes the legal process typically used before filing a formal application for an ETF with federal regulators.
The move comes as BNB has risen about 4% since the beginning of the year, trading at around $890 at the time of writing, underperforming major tokens such as Ethereum, Solana, and XRP, which have each risen more than 12% over the same period.
