Recently, VanEck filed for a Binance Coin (BNB) ETF, continuing its active push into the cryptocurrency ETF market.
BNB ETF Application
VanEck has officially requested a Binance Coin ETF in the US. This announcement confirmed market expectations following the recent successful ETF applications for Bitcoin and Ethereum.
VanEck's Application History
VanEck initially filed for a similar ETF for BNB in the state of Delaware on April 2. This could potentially be the first BNB ETF in the US. The company has also previously submitted applications for ETFs tracking Solana (SOL) and Avalanche (AVAX).
Next Steps and Impact
VanEck is expected to take the next regulatory step by filing a 19b-4 document with the SEC to formalize plans for launching the BNB ETF. Following the announcement, there has been no movement in the BNB price.
The filing for the BNB ETF by VanEck underscores the active involvement of companies in developing cryptocurrency financial products and could represent a significant move to attract new investors.
