VanEck files to launch BNB ETF
VanEck files for first U.S. Binance Coin ETF with SEC.
Asset manager VanEck has filed a registration statement with the U.S. Securities and Exchange Commission to launch the first U.S.-based exchange-traded fund (ETF) tied to Binance Coin (BNB).
If approved, the ETF would mark a major milestone for altcoin financial products, broadening access to crypto investment beyond Bitcoin and Ethereum, reports CoinGape.
A First for BNB in the U.S. Market
VanEck submitted the S-1 filing to the SEC as a key step toward launching the BNB ETF. The filing indicates that BNB held in the trust may be used to generate staking rewards, adding a potential income layer for ETF holders. This follows the firm’s recent move to register a BNB trust in Delaware in April. While products such as the 21Shares BNB ETP already exist in Europe, no BNB ETF has yet been approved in the United States. VanEck is also awaiting SEC approval for other altcoin ETFs, including one tied to Avalanche.
Market Reaction and Outlook for BNB
Despite recent softness in BNB’s price—down 0.3% to $593.17 at press time—the ETF announcement has lifted investor sentiment. BNB’s 24-hour trading volume jumped nearly 15% to $1.41 billion, suggesting renewed market interest. Analysts believe that the launch of a regulated U.S. BNB ETF could drive broader institutional demand, potentially reversing the token’s recent price trend.
If the ETF is approved, it would position BNB alongside Bitcoin and Ethereum in the evolving crypto ETF landscape, providing a regulated vehicle for investors to gain exposure to one of the world’s most valuable blockchain platforms.
Recently we wrote that Morgan Stanley is preparing to introduce cryptocurrency trading on its E*Trade platform, signaling a significant expansion into digital assets as the Trump administration dismantles longstanding regulatory hurdles.
