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.
Also Read: Canary Capital Files for First-Ever Staked SEI ETF With SEC
