BNB Price Jumps 1.5% as Grayscale Files for Spot BNB ETF With Staking Feature

The BNB price has surged 1.5% in the last 24 hours to trade at $894 after Grayscale filed a registration statement with the U.S. Securities and Exchange Commission (SEC) to launch a spot Binance Coin (BNB) exchange-traded fund (ETF), signaling growing institutional interest in the asset.

The proposed ETF, which will trade on the Nasdaq under the ticker GBNB, is designed to provide institutional investors with direct exposure to BNB without the need to hold or manage the token themselves. According to the SEC filing, Coinbase will act as the fund’s prime broker, while Coinbase Custody will safeguard the underlying assets.

Grayscale also plans to support in-kind creation and redemption, allowing authorized participants to exchange BNB directly for ETF shares. Notably, the asset manager intends to introduce staking within the ETF structure, potentially enabling investors to earn yield on their holdings. This feature could differentiate the product from other crypto ETFs, although regulatory approval for staking remains uncertain.

Grayscale Joins VanEck and REX Osprey

Key details such as the management fee, seed capital, and launch date have not yet been disclosed. Grayscale’s move places it alongside VanEck, which filed for a BNB ETF in the first half of last year and has since submitted amendments that could allow it to launch ahead of Grayscale. REX Osprey has also entered the race by filing a BNB ETF under the Investment Company Act of 1940.

If approved, the BNB ETF would become Grayscale’s seventh single-asset crypto ETF, expanding its lineup beyond Bitcoin and Ethereum to include XRP, Solana, Dogecoin, and Chainlink. The firm has also recently filed to convert its Near Trust into an ETF. It has pending applications for Bittensor and Zcash, underscoring its broader strategy to diversify regulated crypto investment products.

The modest price increase suggests traders are cautiously optimistic, with investors closely watching how the SEC responds to yet another altcoin ETF proposal.

BNB Price Technical Chart Signals Breakout

The Binance Coin (BNB) price has surged nearly 2% in the last 24 hours to trade around $904, signaling a potential bullish reversal after weeks of consolidation. Technical indicators suggest that BNB may be building momentum for a stronger upside move, supported by improving market sentiment and growing institutional interest.

On the daily chart, BNB is trading within an ascending channel, a structure that typically points to gradual accumulation by buyers. The price recently bounced off a well-defined major support zone around $780–$800, which has repeatedly acted as a demand area. This rebound reinforces the importance of the support level and suggests that downside pressure is weakening.

BNBUSD Chart Analysis. Source: Tradingview

The current price action also shows BNB attempting to break above the mid-range resistance near $920–$950. A decisive close above this zone could confirm a bullish continuation pattern, opening the door for a rally toward the next key resistance at $1,050. Beyond that, the chart highlights a longer-term target near $1,150, which aligns with a previous consolidation area and a historical supply zone.

BNB Momentum Builds as RSI Strengthens

Momentum indicators are beginning to turn favorable. The Relative Strength Index (RSI) on the daily timeframe has climbed to around 57, indicating strengthening bullish momentum while still remaining below overbought conditions. This suggests there may be room for further upside before the asset faces significant selling pressure.

From a broader perspective, BNB’s structure shows a transition from a prolonged corrective phase into a potential trend reversal. The formation of higher lows since December supports the bullish thesis, especially if buyers manage to defend the rising support line within the ascending channel.

Market participants are now watching whether BNB can sustain its move above the psychological $900 level. Failure to hold this area could see a short-term pullback toward $850, though the broader outlook would remain constructive as long as the price stays above the major support zone.

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