Crypto asset manager Grayscale has filed an updated S-1 for its BNB ETF with the U.S. Securities and Exchange Commission, moving closer to listing on Nasdaq. Bloomberg ETF analyst revealed GBNB is the ticker, but the issuer has yet to reveal fees and other key details.
Grayscale Updates its BNB ETF with the US SEC
According to the latest US SEC filing, Grayscale filed a third amendment to the S-1 form for the proposed BNB ETF. The investment objective is for the value of the shares to reflect the value of BNB held by the trust.
The issuer has not revealed a management fee, staking, and any waiver in the latest filing. Instead, Bloomberg ETF analyst James Seyffart noted that the amended filing shows GBNB as the ticker for listing on Nasdaq.
NEW: @Grayscale files amendment number 3 for their BNB ETF. Ticker will be $GBNB. No fee yet. binancecoin:native pic.twitter.com/fW1oiAr6b8
— James Seyffart (@JSeyff) June 3, 2026
In addition, Grayscale BNB ETF has removed the Potential Contribution Arrangement part in the filing. Earlier filing noted that the sponsor was selling a potential investor to acquire a number of shares through an authorized participant in exchange for BNB tokens.
The sponsor details confirmed Grayscale Investments Sponsors LLC as the sole sponsor of the trust. The changes mentioned likely respond to an SEC feedback amid the review process.
The issuer reveals The Bank of New York Mellon as administrator and transfer agent. Also, BitGo will serve as the custodian of the trust.
Last week, VanEck launched the first spot BNB ETF in the United States. The ETF was listed under the ticker VBNB on the Nasdaq.
BNB Price Continues to Fall
BNB price fell 6% over the past 24 hours, following a more than 13% rally in response to VanEck BNB ETF launch. The price is currently trading at $631.93, with a 24-hour low and high of $630.93 and $674.87, respectively.
Furthermore, trading volume has increased further by almost 11% over the last 24 hours. This indicates a rise in trading as traders react to Bitcoin price crash.
CoinGlass data shows selling sentiment in the derivatives market. Total BNB futures open interest has dropped 10% to $1.03 billion. BNB futures open interest fell 11.23% on Binance, 18.10% on OKX, and 0.24% on Bybit.
In other news, Grayscale launched its Hyperliquid Staking ETF today. It is available for trading under the ticker HYPG on Nasdaq, with a 0.29% as management fee.
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