Grayscale has registered a BNB ETF entity in Delaware, USA. There has been a lot of discussion lately, so we need to stay calm.

Indeed, this is a preparatory step that could lead to the future launch of a BNB ETF. But it's important to understand the pitfalls involved—currently, only the registration has been completed, and the SEC's formal approval process has not yet started.

Looking at past cases, Grayscale has mainly been approved for leading cryptocurrencies like BTC, ETH, and SOL, as well as their Mini and Staking versions, along with multi-asset index funds. These approvals all came after the end of 2024, once regulatory attitudes softened. Even then, it took quite some time.

For L1 blockchain tokens like BNB, based on past experience, the process from registration to final approval typically takes two to three years. Many people see the registration news and start imagining a price surge, but the reality is that regulators won't approve so quickly. For those interested in participating, there's plenty of time—no need to rush.