What I don’t get is that people are willing to pay top money for...

What I don’t get is that people are willing to pay top money for BNB but not BNBG?
Yes, BNBG does has a ceiling of $100 face value. However it is unlikely that at current price of 40 cents BNB will run to more than $10
BNBG are much safer than BNB, also BNBG holders will get their distribution before BNB shareholders see any distribution.

Yes, BNB are more liquid, however. BNBG can also be trade.

Maybe people just don’t know about the notes. Anyway, their loss is my gain.