VanEck Files for First U.S. BNB ETF, Expanding Crypto ETF Offerings

VanEck, a leading investment management firm based in New York, has taken initial steps toward launching a U.S.-listed exchange-traded fund (ETF) for BNB, the native cryptocurrency of Binance’s BNB Chain. The firm recently registered a trust in Delaware, marking a key move ahead of a formal application to the U.S. Securities and Exchange Commission (SEC).

If approved, this would be the first BNB ETF available in the U.S., offering investors exposure to the token without direct ownership. The move follows VanEck’s earlier success in bringing both Bitcoin (BTC) and Ethereum (ETH) ETFs to market after regulatory approvals in January and July 2024, respectively.

The firm is continuing its push into crypto assets, having also filed for ETFs tied to Solana (SOL) and Avalanche (AVAX). These developments reflect growing institutional interest in digital assets and expanding investor demand for regulated crypto investment products.

At the time of writing, BNB is trading just above $603, remaining relatively stable since news of VanEck’s filing broke. As one of the largest cryptocurrencies by market cap, BNB plays a central role in the BNB Chain ecosystem, used for transaction fees, staking, and governance.

VanEck’s initiative highlights the increasing momentum behind crypto ETFs and signals potential mainstream acceptance of a broader range of digital assets. While SEC approval is still pending, the filing represents a significant milestone in the evolution of crypto investment products in the U.S.

As traditional financial firms like VanEck continue to embrace blockchain-based assets, investor access to diversified crypto exposure could significantly improve, potentially fueling further adoption and market growth.