VanEck files for a BNB ETF—becoming the first to propose an ETF for the token behind the Binance exchange.

The crypto market has witnessed another significant milestone as VanEck, a prominent Wall Street investment firm, recently registered a

Recently, U.S. asset management giant VanEck registered a BNB exchange-traded fund (ETF) in Delaware, marking the first attempt to launch a BNB-specific ETF in the country. This move comes as crypto-based financial products are gaining increasing traction in traditional markets.

The ETF, if approved, will attract a huge wave of liquidity and inflows from traditional institutions and retail to the BNB and BSC ecosystem.

This filing marks the fifth token ETF registration undertaken by VanEck in Delaware this year, following its prior submissions for Bitcoin, Ether, Solana, and Avalanche ETFs.

BNB ETF filing by VanEckhttps://t.co/4GuXMDkzCc

— CZ 🔶 BNB (@cz_binance) April 2, 2025

Earlier this year, reports surfaced regarding a joint venture between Trump’s World Liberty Finance and an unnamed crypto project to introduce a stablecoin pegged to the U.S. dollar. This stablecoin will be deployed on Binance Smart Chain (BSC), aiming to foster broader adoption of crypto in the U.S. and global markets.

Moreover, former Binance CEO, C.Z. Ho, has confirmed that the initiative to create a USD stablecoin on BSC is progressing smoothly. In response to an X user's inquiry about the project's status, Ho provided a brief update, stating, "Yes, still planned."

This project holds the potential to significantly expand the utility and reach of BNB and the BSC ecosystem, aligning with broader efforts to integrate cryptocurrencies into the mainstream financial system.

Founded in 1955, VanEck is a New York-based asset management firm that manages billions of dollars in assets across various sectors. The firm is known for offering innovative investment products, such as its successful Bitcoin and Ethereum ETFs, which have become popular among retail and institutional investors.

In recent years, VanEck has emerged as a leader in the cryptocurrency ETF space, consistently pushing the boundaries of what’s possible in regulated markets. The firm was among the first to file for a Bitcoin ETF and has since expanded its offerings to include Ether, Solana, and Avalanche ETFs, all registered in Delaware.

VanEck’s expertise in navigating complex regulatory landscapes and its commitment to providing investors with access to emerging asset classes make it a natural fit for spearheading the BNB ETF initiative.

With this latest filing, VanEck continues to demonstrate its vision of integrating digital assets into mainstream finance, potentially reshaping how investors approach cryptocurrencies in the years to come.

As the crypto industry evolves and expands, we can expect to see more institutions like VanEck entering the ecosystem and offering innovative financial products that cater to the diverse needs of today’s investors.

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