Investment firm VanEck has filed a BNB ETF application, potentially integrating Binance Coin into the US financial market.
New Filing for BNB ETF
VanEck has filed to establish a trust for a BNB-focused ETF in Delaware. This marks the first attempt to launch a BNB ETF in the US. While similar products exist elsewhere, this would be a first for the US market.
Expanding Crypto ETF Range
VanEck is actively expanding its crypto investment offerings. Last year, the firm successfully launched spot Bitcoin and Ethereum ETFs. Recently, it also filed for Solana and Avalanche ETFs.
Rising Interest in Altcoins
With SEC's approval of Bitcoin and Ethereum ETFs, interest in altcoin-based products is increasing. Bloomberg analysts estimate a 90% approval chance for Litecoin ETFs. VanEck continues to push forward in the altcoin ETF market, despite SEC concerns.
If VanEck’s applications are approved, it could significantly impact the US crypto investment landscape, integrating Binance Coin and other altcoins into mainstream finance.
