Yigit Taha OZTURK 
American investment firm VanEck has registered a BNB exchange-traded fund (ETF) in Delaware, expanding its presence in the digital asset sector. The registration serves as a preparatory step before submitting a formal application to the SEC.
First ETF Filing for BNB!
This marks the first attempt to introduce a BNB ETF in the US market. While products like 21Shares Binance BNB ETP exist, they are not US-based ETFs.
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VanEck registered the BNB ETF on March 31 as a trust corporate service company in Delaware. According to public records, it was filed under number 10148820.
With this, BNB joins Bitcoin, Ethereum, Solana, and Avalanche as the fifth cryptocurrency to receive a standalone ETF registration initiated by VanEck in Delaware.
Significance of the BNB ETF
The proposed BNB ETF would track the price of BNB, which is currently the fifth-largest cryptocurrency by market capitalization. At the time of writing, BNB was trading at $608 with minimal price fluctuations over the last 24 hours.
In June 2024, VanEck became the first firm to file for a Solana ETF in the US. Following this, VanEck and 21Shares submitted additional filings, including the 19b-4 form, to move forward in the approval process.
Last month, VanEck also applied for SEC approval to launch the first AVAX ETF, building on its success with spot Bitcoin and Ethereum ETFs.
VanEck has established itself as a key player in the crypto ETF market and was the first company to file for a Bitcoin futures ETF in 2017.
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