Grayscale Investments registered a statutory trust for a proposed BNB exchange-traded fund in Delaware on January 8, 2026, according to state records. The filing establishes the legal vehicle typically used before submitting formal ETF applications to federal regulators.

The move comes as BNB is up about 4% since the start of the year, trading around $890 at press time, and underperforming major tokens such as Ethereum, Solana, and XRP, which have each rallied more than 12% over the same period.