IPO filing research

Grayscale BNB ETF

Commodity Contracts Brokers & Dealers · GBNB

ipo amended Nasdaq S-1/A

Grayscale BNB ETF IPO research page with SEC filing history, offering status, deal terms, structured filing extracts, company news, and comparable IPO context. Latest filing: S-1/A on 2026-06-03. Current deal snapshot: exchange Nasdaq.

Filing Timeline

SEC EDGAR

S-1/A amended

Amended registration statement

Updated registration statement filed after SEC comments or deal changes.

First tracked pre-IPO filing for this issuer.

Shares of the Grayscale BNB ETF · Exchange NASDAQ · Ticker GBNB · Basket of 10,000 Shares · Use of proceeds To purchase BNB and for audit expenses · Underwriters Seed Capital Investor

2026-06-03 · 0001193125-26-254665

S-1/A amended

Amended registration statement

Updated registration statement filed after SEC comments or deal changes.

First tracked pre-IPO filing for this issuer.

Grayscale BNB ETF · Exchange NASDAQ · Ticker GBNB · Use of proceeds Proceeds from Seed Basket to purchase BNB prior to NASDAQ listing · Underwriters Seed Capital Investor

2026-05-15 · 0001193125-26-227224

S-1/A amended

Amended registration statement

Updated registration statement filed after SEC comments or deal changes.

Updates the prior S-1 filing.

Common units of fractional undivided beneficial interest · Exchange NASDAQ · Ticker GBNB · Common units of fractional undivided beneficial interest · Flags units · Underwriters Seed Capital Investor

The Grayscale BNB ETF's S-1/A filing expands on risks related to the BNB Smart Chain's proof-of-staked-authority consensus mechanism, including vulnerabilities from validator exits, malicious actor control, and operational disruptions. It emphasizes risks from blockchain forks, MEV (Maximal Extractable Value), transaction fee volatility, and the untested long-term stability of newer consensus models. The filing also highlights potential impacts on the Trust's operations and Share value due to network forks, regulatory developments, and competition from alternative digital assets.

2026-04-07 · 0001193125-26-145494

S-1 filed

Initial registration statement

Initial public filing submitted to start the SEC review process.

First tracked pre-IPO filing for this issuer.

Common Units of Fractional Undivided Beneficial Interest · Exchange NASDAQ · Ticker GBNB · Basket of 10,000 Shares · Flags units · Underwriters Seed Capital Investor

Grayscale BNB ETF's S-1 filing outlines the trust's structure to track BNB's price via an index, emphasizing risks related to market competition, regulatory changes, and operational dependencies. The filing highlights exposure to competition from other digital assets, CBDCs, stablecoins, and blockchain platform risks. It also details reliance on third-party custodians and liquidity providers, along with potential volatility from market dynamics and regulatory actions.

2026-01-23 · 0001193125-26-020367

Comparable Deals

1 comparable deal

FinancialsLast 18 months

Only 0 strict matches; expanded to 1 using nearest neighbors.

+12.6%

Median day-1

100%

Above issue

+17.7%

Median week-1

+12.6%

Downside (p10)

Lincoln International, Inc. LCLN

2026-05-20 $421M Day 1: +12.6% Wk 1: +17.7%

same SIC grouprecent IPO

Recent News

No recent news stored for this issuer.