Grayscale Files for Spot BNB ETF, Igniting Speculation

Crypto asset manager Grayscale has officially filed for a spot Binance Coin (BNB) Exchange Traded Fund (ETF) with the Securities and Exchange Commission (SEC). This move positions Grayscale as the second major financial institution, following VanEck, to pursue a BNB-backed ETF, potentially opening new avenues for institutional investment in the cryptocurrency.