Grayscale ETF Update: BNB Joins, Cardano Exits
- Grayscale’s ETF rebalance adds BNB, drops Cardano.
- BNB included in U.S. fund, impacting institutional investment.
- BNB’s first major institutional exposure through ETF inclusion.
Grayscale announced on February 3, 2026, the inclusion of Binance Coin (BNB) in its CoinDesk Crypto 5 ETF, replacing Cardano (ADA) and offering institutional exposure on NYSE Arca.
The addition of BNB indicates a shift in market preference, potentially influencing institutional investments and signaling changes in crypto liquidity dynamics.
Grayscale announced a major change by including BNB in its CoinDesk Crypto 5 ETF (GDLC), replacing Cardano (ADA). This revision was made to align with the fund’s criteria based on market capitalization and liquidity. Grayscale Investments, the asset manager of GDLC, stated, “$BNB is being added to the Grayscale CoinDesk Crypto 5 ETF (Ticker: $GDLC) as part of its scheduled rebalance, reflecting the evolving crypto market landscape and GDLC’s rules-based methodology.”
The change involves Grayscale Investments, a significant player in the crypto asset management industry. They adjusted the ETF’s portfolio to include BNB, marking the first such inclusion in a U.S. ETF designed for institutional exposure.
This adjustment affects institutional involvement and presents BNB with further investment opportunities. The impact is notable, given GDLC’s role in providing crypto exposure on NYSE Arca, reflecting evolving market landscapes.
This move holds financial implications, including potential increased trust in BNB among investors. The replacement demonstrates GDLC’s commitment to remaining responsive to market conditions and index methodologies.
The transition also underscores a significant shift in the ETF’s structure, favoring BNB with 4.97% of the fund’s weight. It’s expected to attract substantial attention from investors interested in large-cap digital assets.
The inclusion could influence broader market trends, considering Grayscale’s previous adjustments reflecting such market evolutions. Continued monitoring of the institutional response and regulatory developments will provide further insights into BNB’s potential trajectory.
