#Grayscale submits BNB ETF application milestone! BNB is expected to become the third largest spot ETF asset after BTC and ETH. 📜
Grayscale has officially submitted the 19b-4 rule change document for the BNB Trust (GBBN) to the SEC on January 6, 2026, which is a key step in applying to become a spot ETF.
Key information points:
· Progress stage: Currently in the phase of submitting applications to the exchange (Cboe BZX) and seeking rule exemptions, awaiting SEC review and approval.
· Core basis: The application document states that BNB futures have been traded for over a year on exchanges regulated by the CFTC (such as CME), complying with relevant regulations for creating spot ETF products.
· Market reaction: After the announcement, BNB surged, with prices breaking through $390 at one point.
This is an important step for BNB towards becoming a mainstream financial product. If approved, it will provide investors with the first regulated direct investment channel for BNB.
What do you think the chances are of BNB's spot ETF approval? What profound impact will this have on the BNB ecosystem?
