VanEck has officially filed an application with the U.S. SEC to launch a Binance Coin (BNB) ETF, marking the first time any firm has attempted to bring BNB into the U.S. exchange-traded fund market. The filing, made under Form S-1, proposes a fund simply titled “VanEck BNB ETF.” It would issue shares tied to the performance of BNB and aims to list on an exchange, though the specific platform and ticker haven’t been disclosed yet.
What makes this filing stand out is the timing. The SEC has previously named BNB as a possible security, and Binance itself is still facing legal heat in the U.S. Despite that, VanEck seems confident enough to move forward. BNB’s price, however, didn’t flinch. No sudden spike.
No crash. Just business as usual on the charts — possibly because traders aren’t betting on approval just yet. Still, with VanEck also filing for an AVAX ETF recently, it’s clear that traditional finance firms aren’t shying away from altcoins. Whether the SEC plays along is a different story.
The American Bankers Association (ABA) has sharply criticized the Office of the Comptroller of the…
President Donald Trump and his family's cryptocy company, World Liberty Financial (WLFI), are facing a…
Aerodrome Finance and Velodrome, two of the leading decentralized exchanges (DEXs) on Base and Optimism,…
OpenAI's artificial intelligence models helped uncover two critical security vulnerabilities in PHP, the programming language…
SoFi Technologies has launched SoFi Earn (SOFIE), a new blockchain-based banking product that allows consumers…
Microsoft, Google's parent company Alphabet and Goldman Sachs have joined a growing list of major…