1. Grayscale BNB Trust vs ETF
Grayscale has currently only created an Investment Trust. This means that:
It is only for "Accredited Investors" (wealthy individuals).
It is not available to the general public on the stock exchange.
To become an ETF, permission from the SEC is required, which has not yet been applied for BNB.
2. What are the Rumors?
People on social media are excited because Grayscale has followed a previous approach:
First, launch the Trust.
Then apply to convert it into an ETF (as was done with Bitcoin and Ethereum).
3. The Reality Check
Currently, getting a BNB ETF is difficult because:
Binance's legal issues: There is an ongoing dispute between the SEC and Binance.
Security status: The SEC still refers to BNB as a "Security," so getting ETF approval will not be easy.
Summary Table:
Point Status
Has the ETF been filed? No, only the Trust has been launched.
Can the general public invest? Not at the moment, only accredited investors.
Risk? SEC
