Overview
- Filed on Jan. 8, 2026, the Delaware statutory trust sets up a structure for a BNB product but does not represent a formal SEC application.
- The move makes Grayscale the second major firm to pursue a BNB-focused ETF, following an earlier effort by VanEck.
- BNB saw a modest uptick on the news and continued to trade below roughly $900 resistance at last check.
- Market commentators pointed to a possible technical push toward $1,000, while noting that a drop below $800 could return price to a $500–$800 accumulation range.
- Additional Delaware paperwork referenced a Hyperliquid trust, highlighting Grayscale’s broader exploration of altcoin and DeFi-related investment vehicles.