Investment management firm VanEck has registered a new exchange-traded fund (ETF) for Binance Coin (BNB) in Delaware, marking the firm's fifth crypto asset ETF registration in the state.
BNB ETF Registration in Delaware
VanEck has filed to establish a trust entity for the proposed BNB ETF in Delaware, marking the initial step before the formal application to the SEC. The new product, called VanEck BNB ETF, was registered on April 1, 2025, under number 10148820.
Other Digital Assets in VanEck's Portfolio
BNB joins Bitcoin, Ether, Solana, and Avalanche as the fifth digital asset for which VanEck has initiated an independent ETF registration in Delaware. Since launching its Bitcoin and Ether ETFs last year, the company has been actively expanding its crypto asset portfolio.
Prospects and Expert Opinions
Analysts note that VanEck is aiming to be the first to market with new ETFs, offering growth potential with minimal risk. 'This makes sense, as Avalanche isn't the most widely traded cryptocurrency, but being first to market with an ETF in a new category has potential upside,' says analyst Sumit Roy.
VanEck's registration of a new BNB ETF demonstrates the company's ongoing commitment to establishing its presence in the crypto fund market, offering investors a range of digital assets through investment funds.
