VanEck Files for First-Ever Binance Coin (BNB) ETF in the US

VanEck is making its determination toward a Binance Coin (BNB) ETF successful the U.S. The steadfast conscionable registered a spot entity successful Delaware for the VanEck BNB ETF—an indispensable archetypal measurement earlier it officially takes things to the SEC.

This filing, made connected March 31 nether filing fig 10148820, positions BNB alongside Bitcoin, Ether, Solana, and Avalanche, the cryptocurrencies for which VanEck has initiated standalone ETF registrations successful Delaware. BNB-related products similar the 21Shares Binance BNB ETP person been disposable successful planetary markets, but a U.S.-based BNB ETF has yet to exist—until now.  

VanEck, a starring sanction successful the crypto ETF abstraction with astir $115 cardinal successful assets nether management, has been steadily increasing its lineup. After securing SEC approval, the steadfast launched spot Bitcoin and Ethereum ETFs past year. More recently, it filed for the first-ever Solana (SOL) and Avalanche (AVAX) ETFs successful the US.  

If approved, the VanEck BNB ETF would straight way the Binance Coin’s price. Currently, BNB ranks arsenic the fifth-largest cryptocurrency by marketplace capitalization and was trading astir $598 astatine property time, with small fluctuation successful the past 24 hours, according to CoinMarketCap.  

VanEck has been shaking up the crypto ETF crippled since its bold Bitcoin futures ETF filing successful 2017. Now, it’s backmost astatine it, taking different large plaything astatine expanding regulated crypto concern options successful the U.S.

Also Read: VanEck’s Solana ETF Registered successful Delaware; SOL Price Drops Below $120