VanEck Eyes BNB ETF Launch After BTC, ETH Product Success
- News In 4 Seconds
Jamie Crawley
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- 19 minutes read
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By Jamie Crawley|Edited by Parikshit Mishra
Apr 2, 2025, 8:39 a.m. UTC
- VanEck has registered to list an exchange-traded fund tracking BNB.
- The New York-based firm has proposed the establishment of a trust in Delaware for a BNB ETF.
- VanEck’s BNB ETF, if approved, would be the first such product listed in the U.S.
Investment manager VanEck has registered to list an exchange-traded fund tracking BNB, the native cryptocurrency of the Binance-linked BNB Chain.
The New York-based firm has proposed the establishment of a trust in Delaware for a BNB ETF, a preliminary step to a formal application with the U.S. Securities and Exchange Commission (SEC).
Story continues
VanEck’s BNB ETF, if approved, would be the first such product listed in the U.S.
The company was among the first issuers of bitcoin (BTC) and ether (ETH) ETFs in the U.S. following their approval in January and July 2024 respectively.
VanEck has also registered to list ETFs tracking the native tokens of Solana (SOL) and Avalanche (AVAX).
BNB is priced at just over $603 at the time of writing, little changed in the hours since the first reports of VanEck’s plans.
Jamie has been part of CoinDesk’s news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
