VanEck on track to launch first-ever BNB ETF

Vaneck took a step to extend his digital asset footprint by depositing to establish a trust for the very first negotiated stock market fund which will follow the Binance Coin prize, the fifth largest cryptocurrency by market capitalization.

On March 31, the director of assets Vaneck, a pioneer in the request of cryptographic investment products, filed a place to establish a trust entity for the very first piece of Binance (Bnb) In Delaware, according to public archives on the State Official website. This decision marks the first step in the process of launching the ETF, generally preceding a formal application to the American commission for securities and exchange. If it is approved, it would mark the very first BNB ETF in the United States, although investment products linked to similar BNB, such as the 21shares Binance BNB ETP, are already available in the global markets.

Although the file was made on March 31, the news broke out today, but the BNB price has not yet capitalized on it. It is down 2% in the last 24 hours, trading at $ 598. During last week, it decreased by more than 5%.

Vaneck has been expanding his presence in the digital active space since 2017, when he has become the first ETF transmitter to deposit a bitcoin (BTC) ETF in the long term. In January 2024, Vaneck spear Son Etf Bitcoin Spot, The Vaneck Bitcoin Trust (Hodl). Later that year, the company presented His Ethereum spot (Ethn) ETF, the Vaneck ETF ETF (ETHV).

He too laid For the very first Solana (GROUND) ETF in June 2024. The file is currently being examined by the US dry, with a deadline for decision set for October 2025.

More recently, the asset manager has also made the headlines by deposit For Avalanche (Avax) ETF in the United States on March 10, with the decision expected in November 2025.