VanEck officially files for first Binance Coin BNB ETF in US, eyes staking feature

By: bitcoin ethereum news|2025/05/05 19:00:07
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Key Takeaways VanEck filed for the first US ETF tracking BNB, Binance’s native token. The ETF aims to reflect BNB’s price performance and is pending SEC approval. American investment manager VanEck has officially filed a registration statement with the US SEC to launch the VanEck BNB ETF, an exchange-traded product designed to directly track the price of BNB, the native asset of the BNB Chain. Filed on May 2 under Form S-1, the VanEck BNB ETF would be the first US-registered ETF to offer exposure to BNB via direct token holdings, should it receive regulatory approval. The fund’s ticker symbol hasn’t been disclosed. The preliminary prospectus also indicates that, pending regulatory approval from the listing exchange, the ETF may feature staking to allow investors to earn additional BNB rewards. If permitted, the ETF could generate passive income from staking through vetted providers, including potentially affiliates of VanEck. The SEC filing came after VanEck registered a trust entity in Delaware for the prospective BNB ETF last month, aiming for it to be the inaugural ETF to track BNB in the US. It adds another milestone to VanEck’s growing roster of crypto investment products. With this move, BNB becomes the fifth crypto assets—after Bitcoin, Ether, Solana, and Avalanche—to have a standalone SEC registration initiated by VanEck. VanEck has steadily built a reputation as a pioneer in the digital asset ETF space. The firm launched its spot Bitcoin and Ethereum ETFs last year, following long-awaited approvals from the US Securities and Exchange Commission (SEC), and was among the first to propose a futures-based Bitcoin ETF back in 2017. BNB, the utility token of the BNB Chain ecosystem and currently the fifth-largest crypto asset by market capitalization, is trading around $608, with minimal price movement in the past 24 hours, according to CoinMarketCap. The token powers transactions and smart contracts on BNB Chain and is used in a range of applications across the Binance ecosystem. Source: https://cryptobriefing.com/vaneck-binance-coin-etf-us/

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