BNB's resilience aims to conquer Wall Street

Source: Criptonoticias Original Title: La resiliencia de BNB busca conquistar a Wall Street Original Link: https://www.criptonoticias.com/mercados/resiliencia-bnb-busca-conquistar-wall-street/

Grayscale files for BNB ETF

Grayscale has taken a firm step to expand its offering of financial products linked to crypto assets. The company submitted an application to the U.S. Securities and Exchange Commission (SEC) to issue an exchange-traded fund (ETF) based on the BNB token. This move aims to validate BNB’s resilience on Wall Street as an institutional-grade asset.

According to the official document, the fund will be called Grayscale BNB Trust, under the ticker GBNB. This vehicle would allow investors to gain exposure to the asset without needing to hold the token directly. To formalize this process, Grayscale submitted Form S-1, the first step toward launching a spot ETF.

However, the proposal will not proceed unless Nasdaq submits Form 19b-4 and receives SEC approval. The document details that the application includes the Bank of New York Mellon as transfer agent and a specialized custody platform as custodian, key partners to solidify BNB’s resilience on Wall Street.

BNB’s performance in the market

The native token of BNB Chain was one of the assets that best withstood market turbulence in 2025. Currently, it is the fourth largest crypto asset by market capitalization, with approximately $121 billion. Its ability to maintain value during panic moments has demonstrated that it possesses the maturity needed to attract venture capital.

In October 2025, the asset hit an all-time high of $1,370. Although it is currently trading near $897, 34% below that peak. Despite this, its stability is superior to that of some of its competitors.

Comparing it to other assets in the sector helps understand its current positioning. For example, ether (ETH), Ethereum’s native cryptocurrency, is trading at $2,961, which represents a 40% decline from its maximum of $4,953 reached in August 2025.

The comparison between the two is relevant because BNB and ETH compete as native coins of layer 1 networks in the decentralized applications and decentralized finance (DeFi) space, attracting users and developers with similar value propositions.

While BNB has managed to stay relatively close to its recent peak, ETH has faced a slightly deeper correction, showing a lower ability to recover ground in this market cycle. This competitive advantage reinforces the thesis that the token is ready to make the final leap into Wall Street exchanges.

Competition for BNB ETFs

Grayscale is not the only entity interested in this asset. The companies REX Shares - Osprey Funds and VanEck also hope to launch their own BNB ETFs. It is important to note that there are key differences in their strategies. While Grayscale’s and VanEck’s applications focus solely on the token’s price, only the proposals from REX Shares and Osprey Funds seek to incorporate staking mechanisms to generate additional income.

The interest from these major fund managers confirms that BNB’s resilience on Wall Street is not a passing trend. The asset is closely tied to its blockchain network and is the engine of a platform supporting thousands of decentralized applications. If the SEC grants its approval, BNB will cease to be just a crypto asset and become a key piece of global finance.