Grayscale BNB ETF

Grayscale BNB ETF (the “Trust”) is a Delaware Statutory Trust that was formed on January 8, 2026, by the filing of the Certificate of Trust with the Delaware Secretary of State in accordance with the provisions of the Delaware Statutory Trust Act (“DSTA”). The Trust’s purpose is to hold “BNB”, which are digital assets that are created and transmitted through the operations of the peer-to-peer BNB Smart Chain, a decentralized network of computers that operates on cryptographic protocols. Unlike other digital assets such as Bitcoin, which are solely created through a progressive mining process, 200 million BNB were created in connection with the launch of the precursor blockchain to the BNB Smart Chain. Out of the 200 million initially issued BNB, approximately 136.4 million BNB remain in circulation as of March 31, 2026. As of March 31, 2026, the 24-hour trading volume of BNB was approximately $285.5 million. As of March 31, 2026, the aggregate market value of BNB was $84.1 billion. As of March 31, 2026, BNB was the fourth largest digital asset by market capitalization, as tracked by CoinMarketCap.com.

S-1/A · 2026-06-03 · 0001193125-26-254665

Company description from the cited filing.