{"id":72617,"date":"2026-05-16T20:42:42","date_gmt":"2026-05-16T20:42:42","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/grayscale-and-vaneck-both-update-spot-bnb-etf-filings-as-us-sec-review-heats-up\/"},"modified":"2026-05-16T20:42:42","modified_gmt":"2026-05-16T20:42:42","slug":"grayscale-and-vaneck-both-update-spot-bnb-etf-filings-as-us-sec-review-heats-up","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/grayscale-and-vaneck-both-update-spot-bnb-etf-filings-as-us-sec-review-heats-up\/","title":{"rendered":"Grayscale and Vaneck Both Update Spot BNB ETF Filings as US SEC Review Heats Up"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<p><span style=\"font-weight:400\"><\/p>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Grayscale filed a 2nd amended S-1 for its BNB ETF on May 16 with the SEC.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Vaneck updated its own competing BNB ETF application the same day, the first simultaneous dual amendment of this nature.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Bloomberg\u2019s James Seyffart said Grayscale\u2019s amendment suggests the SEC is reviewing and engaging actively with both players.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p><\/span><\/p>\n<h2><span style=\"font-weight:400\">The Race for a Spot <span>BNB<\/span> ETF<\/span><\/h2>\n<p><span style=\"font-weight:400\">Grayscale\u2019s second amended S-1 is the more significant development as it indicates the issuer responding to written comments from U.S. Securities and Exchange Commission (SEC) staff. Seyffart noted the amendment suggests Grayscale is advancing its <span>BNB<\/span> ETF based on direct SEC feedback<\/span><\/p>\n<figure id=\"attachment_814514\" aria-describedby=\"caption-attachment-814514\" style=\"width:731px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-814514\" class=\"wp-caption-text\">Image source: X<\/figcaption><\/figure>\n<p><span style=\"font-weight:400\">Grayscale first <a href=\"https:\/\/news.bitcoin.com\/grayscale-files-ipo-with-sec-for-nyse-listing-targeting-ticker-gray\/\">filed its initial S-1<\/a> for the Grayscale <span>BNB<\/span> Trust late last year, proposing to list under the ticker GBNB on Nasdaq. Vaneck registered a competing trust in April and submitted its S-1 shortly after. Both firms are now in active amendment cycles with the regulator.<\/span><\/p>\n<p><span style=\"font-weight:400\"> <span>BNB<\/span> is the native token of <span>BNB<\/span> Chain (formerly Binance Smart Chain) and serves as the primary utility asset within the Binance ecosystem, used for trading fee discounts, token launches, and onchain governance. At current prices, <span>BNB<\/span> carries a market capitalization above $87 billion, making it the third-largest <span>crypto<\/span> asset by <span>market cap<\/span> after <span>bitcoin<\/span> and ether.<\/span><\/p>\n<p><span style=\"font-weight:400\">Neither filing includes <span>staking<\/span>, an omission that reflects ongoing <a href=\"https:\/\/news.bitcoin.com\/clarity-act-markup-raises-stakes-in-stablecoin-banking-clash\/\">regulatory uncertainty<\/a> about whether <span>staking<\/span> yields on ETF-held assets would trigger additional securities law requirements, the same caution that shaped early iterations of the spot ether ETF applications.<\/span><\/p>\n<h2><span style=\"font-weight:400\">Structure and Custody<\/span><\/h2>\n<p><span style=\"font-weight:400\">Coinbase will act as custodian for both the Grayscale and Vaneck <span>BNB<\/span> ETF products, holding <span>BNB<\/span> on behalf of fund shareholders. That mirrors the custody arrangement used for both firms\u2019 spot <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a> and ether funds. Before either product can begin trading, the SEC must also approve a 19b-4 rule change filed by Nasdaq, permitting the exchange to list the new instrument.<\/span><\/p>\n<p><span style=\"font-weight:400\">The simultaneous amendments on May 16 signal competitive urgency. In both the spot <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a> and spot ether ETF races, the issuer that achieved regulatory approval first captured the majority of early institutional inflows. Both Grayscale and Vaneck seem to be well aware of that dynamic.<\/span><\/p>\n<p><span style=\"font-weight:400\">Lastly, with <a href=\"https:\/\/x.com\/OnchainLens\/status\/2055070553736966338\" target=\"_blank\" rel=\"noopener noreferrer\">whale accumulation heating up<\/a>, $700 could be a near-term <a href=\"https:\/\/buy.bitcoin.com\/bnb\/?utm_source=News\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">BNB<\/a> price target (contingent on ETF approval), drawing parallels to the flow-driven price re-ratings that followed the <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a> and ether ETF launches. <\/span><\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/grayscale-vaneck-bnb-etf-sec-amendment-2026\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Grayscale filed a 2nd amended S-1 for its BNB ETF on May 16 with the SEC. Vaneck updated its own competing BNB ETF application the same day, the first simultaneous dual amendment of this nature. Bloomberg\u2019s James Seyffart said Grayscale\u2019s amendment suggests the SEC is reviewing [&hellip;]<\/p>\n","protected":false},"author":3947362404,"featured_media":72618,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72617"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362404"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=72617"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72617\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/72618"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=72617"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=72617"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=72617"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}