Grayscale Asset Management and VanEck Exchange-Traded Funds filed their amended S-1 Registration Statements for Spot BNB on Friday. This brings the crypto one step closer towards becoming an accepted US Crypto ETF.
Grayscale filed VanEck submitted The SEC approved its fifth ETF on Friday. S-1s is one of the most important documents that ETFs have to submit to SEC. They detail the ETF’s structure, strategy, management fees and risks.
“Another amended S-1 from [Grayscale] on the BNB ETF… have to guess they are going off feedback from SEC and trying to launch in near future? Could be the next crypto asset to get a spot ETF in the US,” said James Seyffart is the Bloomberg ETF Analyst.
BNB, despite being the fourth biggest cryptocurrency market cap by volume at $87.4 billionIt has not yet been included in the list of US-based spot altcoin exchange traded funds, which includes those that track Solana, Litecoin, XRP, XRP, and Hyperliquid.
Source: James Seyffart
Grayscale filed Grayscale BNB (GBNB) ETF on January 23, 2026. The fee has not yet been disclosed. VanEck submitted its first application for the VanEck BNB ETF (VBNB) on May 20, 2025. It proposed a 0.39% administration fee for VBNB.
Related: Bitcoin market dominance moves above 61%: Will altcoins follow?
Since the SEC implemented a generic listing standard process, which replaced the old case-bycase review framework in September of last year, the number of altcoin exchange-traded funds (ETFs) has increased.
Wall Street asset management firms have continued to experiment and develop new structures for crypto ETFs, including staked products as well as leveraged strategies and futures-linked. multi-asset index funds.
Hyperliquid ETF launches recently tempered
But the response to this latest ETF is lukewarm in comparison to other ETFs before, such as the Hyperliquid ETF issued by 21Shares. only attracting $1.2 million On Thursday, the opening day, there were net inflows.
In contrast, the Bitwise Solana Staking ETF (BSOL), attracted $69.5 million in its first day of trading in October. Canary XRP ETF (XRPC), meanwhile, brought in $245.9 million a week later in November.
Bitcoin (BTC), Ether, and other products have seen the largest net inflows. $58.4 billion You can also find out more about the following: $11.8 billion Since the launch in 2024.
Solana ETFs based in US recently reached the $1 billion mark, and currently stand at $1.11 billion.
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Source: cointelegraph.com
