The post BNB Gets Institutional Boost as Binance Coin Replaces Cardano In Grayscale’s GDLC Fund appeared on BitcoinEthereumNews.com.

Grayscale Investments has introduced Binance Coin (BNB) as a replacement for Cardano (ADA) in its Grayscale CoinDesk Crypto 5 ETF (GDLC) as part of its quarterly rebalance. This move could notably boost the token’s adoption among institutional investors while it captures changes in market trends in large-cap digital assets. Grayscale’s GDLC Crypto ETF Portfolio Includes BNB The asset manager provided the update in an announcement on X. Grayscale indicated that the rebalance is in line with the CoinDesk Large Cap Select Index, which bases the composition of the funds on market capitalization and liquidity standards. The action places BNB alongside Bitcoin, Ethereum, Solana, and XRP in the firm’s multi-asset crypto ETF. Grayscale also broke down the revised weightings for the crypto assets in the index, with Bitcoin accounting for 74.21%. Ether is behind with 13.34%, and the new entrant Binance Coin takes an allocation of 4.97%. XRP also makes up 4.68%, and Solana comprises of 2.80% in the portfolio. The rebalance completely eliminates Cardano in the crypto ETF basket. This is the first time BNB is featured in the GDLC product. It is worth noting that Grayscale’s GDLC crypto ETF is the first major U.S. fund to provide institutional investors with exposure to the token, which has ties to the top crypto exchange, Binance. Grayscale had already registered an S-1 with the SEC for its intended spot BNB ETF. It was the second company to submit an application for a BNB ETF after VanEck, another crypto asset manager. Another significant boost for Binance Coin was the announcement by Swedish asset manager Virtune AB that it would launch a BNB ETF on Nasdaq Stockholm. This is a physically supported ETP that provides 1:1 exposure to BNB. BNB Price After Inclusion At the time of this writing, the BNB price has not…

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Filed under: News - @ February 3, 2026 6:23 pm