Grayscale BNB ETF ticker has been revealed. The company submitted another amended registration statement to the SEC.
The third amendment to the S-1 identifies GBNB as the ticker symbol. The fund would list on Nasdaq if approved.
What the Grayscale BNB ETF ticker filing shows
Bloomberg ETF analyst James Seyffart highlighted the update in a June 3 X post. However, several key details remain absent. The filing does not disclose a management fee, staking intentions, or any fee waiver arrangements.
Grayscale’s proposed product would hold BNB directly. The trust’s shares would track the value of the token. Grayscale Investments Sponsors LLC remains the sponsor.
The filing arrives as Grayscale prepares to launch its Hyperliquid ETF. In a separate post, Seyffart noted that the fund will trade under HYPG with a 0.29% management fee.
Notable change: removal of contribution arrangement
The amended filing removes a section titled “Potential Contribution Arrangement.” Earlier versions described a structure where the sponsor discussed an arrangement with an investor to acquire shares in exchange for BNB. The updated filing no longer includes that language.
Grayscale did not explain the removal. The amendment comes during the SEC’s ongoing review process.
Elsewhere, Grayscale confirmed that BNY Mellon will serve as administrator and transfer agent. BitGo remains the custodian for the ETF’s BNB holdings.
Grayscale joins a growing race for BNB ETFs
Interest in crypto investment products continues to expand. VanEck launched a spot BNB ETF in the US last week under the ticker VBNB.
For now, investors await additional disclosures from Grayscale. Fees, custody details, and staking plans remain unknown.
BNB technical outlook
On the daily chart, BNB trades near $635, down more than $620-$600.