Grayscale Submits BNB ETF Application to SEC

Grayscale has submitted an S-1 application for a BNB ETF to the U.S. Securities and Exchange Commission (SEC). According to Odaily, this move marks a significant step in Grayscale's efforts to expand its offerings in the cryptocurrency market. The application is part of Grayscale's strategy to provide investors with more options for gaining exposure to digital assets. The submission of the S-1 form is a preliminary step in the regulatory process, and it remains to be seen how the SEC will respond to this proposal.