VanEck has initiated the process to launch a BNB-backed exchange-traded fund (ETF), submitting paperwork to establish a trust in Delaware. The filing is a precursor to a formal application with the U.S. Securities and Exchange Commission (SEC).
If approved, the BNB ETF would be the first of its kind listed in the United States, offering regulated market access to BNB — the native token of BNB Chain, linked to Binance.
The move follows VanEck’s successful rollout of Bitcoin (BTC) and Ethereum (ETH) ETFs in 2024, as well as ongoing efforts to bring Solana (SOL) and Avalanche (AVAX) ETFs to market.
BNB is currently trading at approximately $603, with little immediate price reaction following the news.
VanEck’s latest filing underscores the growing push to expand crypto investment vehicles within the traditional financial system.
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