Recently, leading global digital asset management firm Grayscale submitted a BNB ETF application to the U.S. SEC, attracting market attention. BNB, as the core token of the Binance ecosystem, carries multiple values such as trading fee discounts and ecosystem rights. If approved, it will promote BNB into the mainstream institutional asset allocation horizon, enhance liquidity and compliance attributes, and may become another milestone in the institutionalization process of crypto assets. Currently, BNB is temporarily reported at XX USD, and the market is awaiting regulatory feedback.