Binance Coin Price Outlook As Grayscale Files S-1 for BNB

Binance Coin price has remained stable above $890, despite recent market corrections. The cryptocurrency’s price has been relatively flat, as it faces resistance following a bearish trend last week. 

Grayscale garnered news after filing an S-1 registration with the SEC of its planned spot BNB ETF, becoming a major milestone towards Binance Coin becoming widely used.

The traders are also looking up the prospective bullish trend of BNB, and it is projected to increase above $900. In the meantime, both Bitcoin and Ethereum are recovering as well, as Bitcoin price hovers around 89K, which can be seen as a potential market-wide recovery.

Grayscale Submits Form S-1 for BNB ETF Registration with SEC

Grayscale filed a Form S-1 with the U.S. Securities and Exchange Commission (SEC) on January 23, 2026. The application is to approve a new exchange-traded fund (ETF) dedicated to Binance Coin (BNB). 

This investment will be called the Grayscale BNB ETF, and it will track the performance of the BNB, which is a cryptocurrency that is associated with the Binance exchange.

Grayscale Investments Sponsors, LLC will manage the ETF and will be incorporated in Delaware. When the SEC gives its stamp of approval, Grayscale will make the ETF available to the market. This step is in line with the strategy of Grayscale to increase its cryptocurrency investment opportunities in a regulated manner.

Grayscale, the second asset management firm to apply in a BNB ETF, is after VanEck. BNB ETF will be traded on Nasdaq under the naming of GBNB. Coinbase will be the prime broker of the Trust, and its custody service will be the custodian of the fund. 

In-kind creation and redemption will also be part of the ETF, as well as staking. These attributes enable investors to get yields on their investments.

Information such as the management fee of the fund and the seed capital is not provided. The filing comes after Grayscale registered the Trust in Delaware. The BNB ETF would be the seventh cryptocurrency-based ETF by Grayscale were it to pass. The company currently provides Bitcoin, Ethereum, XRP, Solana, Dogecoin, and Chainlink ETFs.

Binance Coin Price Outlook: Will BNB Hit $1000?

The latest BNB price hovered at $891 as of January 24, 2026, with the market showing cautious movements.

The Relative Strength Index (RSI), which stands at 44, which is the market sentiment, is in a neutral state, meaning neither overbought nor oversold.

Moreover, MACD (Moving Average Convergence Divergence) has a positive momentum, with the MACD at the present value of 2.1. This is an indication that an increase in prices could be experienced in the near future.

The MACD histogram also shows increasing purchasing momentum, though it continues to lag below its signal line. This indicates that the market might require additional bullish support to overcome resistance levels.

In the future, the Future Binance Coin outlook consists of a potential resistance test at the $900 level and a possible breakout to the $1,000, if the bullish trend continues.

Conversely, a lower pullback below $850 can result in the re-test of the lower range of support, possibly the $800 range.