VanEck Files First-Ever #BNBETF Application in United States

VanEck has submitted an S-1 document to the #SEC for a spot $BNB exchange-traded fund, becoming the first asset manager to file for a #BNBETF in the U.S.


$BNB is the native token of the BNB Chain and currently the fourth-largest non-stablecoin cryptocurrency with a market capitalization of $86.7 billion.


If approved, the ETF would allow any portion of the $BNB in the trust to be used for earning staking rewards, additional $BNB, or other income.


The filing's timing coincides with the recent #TOKEN2049 conference where #CZ spoke and Jan Van Eck was in attendance, according to Bloomberg ETF analyst Eric Balchunas.


This application joins more than 70 altcoin-related ETF filings currently awaiting review from the SEC under its new leadership.

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May 05, 2025 at 7:08 PM
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