VanEck Files For First BNB ETF In The US

Investment manager Vaneck has filed to establish a confident creature for the first BNB ETF (funds exchanged funding) in the US.

Public records from the official Delaware State website show the firm that Vaneck BNB ETF registered on March 31 under the File 10148820.

Former CEO of Binance Changpeng Zhao, aka CZ, shared news on an x Post Earlier today.

First in vaneck bnb etf its kind of in the US

Developing a trust is one of the first steps a company takes when in the process of launching an ETF. Vaneck's BNB ETF proposed today went to the US Securities and Exchange Commission (SEC) to review.

If Vaneck's proposed BNB ETF has received regulations that nod from the SEC, it will mark the first fund of its type that monitors the Binance Coin, which is the 5 largest crypto through the market cap, in the US.

However, not the first product associated with BNB. 21shares have launched Binance BNB ETP outside the US.

The price of BNB has undergone a 24-hour retraction despite bullish news. After registering more than 1% collapse in the last 24 hours, Crypto traded at $ 598.54 to 1:20 am EST, CoinMarketCap Data displays.

BNB joins the Growing Vaneck list of Standalone Crypto ETF

Vaneck is among the companies that launched the spot Bitcoin and Ethereum ETFS in the US at the start of 2024. Following the success of these funds, the asset manager continued to file for a Solana (Sol) ETF in June last year, and followed an avalanche (AVAX) ETF.

Many other managers have filed for the ETFs of Altcoin with the US Securities regulator since Donald Trump returned to the White House in January.

In February, the analysts Says That a Litecoin (LTC) ETF is more likely to be approved in 2025 than the other ETFs of Altcoin, putting the odds at 90%.

Our official approval of Alt Coin ETF is gone. Litecoin led the W 90% chance, then DOGE, followed by Solana and XRP. We only work for 33 Act $ Ibit-esque filings. But the Def Pos to see the futures or Cayman-Subsidiary Type 40 Act Stuff also through.

– Eric Balchunas (@ericbalchunas) February 10, 2025

Related Articles:

Best Wallet -Variety -Your Crypto portfolio varies

• Easy to use, feature driven by crypto wallet
• Get early access to upcoming ICO token
• Multi-chain, multi-wallet, non-custodial
• Now in the App Store, Google Play
• Stake to earn native token $ best
• 250,000+ monthly active users