VanEck takes a step toward BNB ETF in the American market

VanEck has taken an important step in the U.S. crypto market. The asset manager has formally submitted a request to the American regulator to launch an exchange-traded fund (ETF) focused on BNB – the native token of the BNB Chain.

First U.S. ETF application with BNB as underlying asset

This initiative is unique, as it marks the very first time an ETF application in the United States involves BNB as the underlying asset. The application states that the fund will accumulate BNB tokens based on current market prices and may, from time to time, stake part of these assets through carefully selected and reliable staking partners.

BNB evolves into a major player in the crypto space

BNB has grown into one of the largest digital assets with a market capitalization of over $84 billion. The BNB Chain itself ranks among the most widely used blockchains for smart contracts, with billions in total value locked across its network.

Growing interest in crypto ETFs boosts BNB potential

The timing of VanEck‘s application is notable, as global interest in crypto-related investment products continues to rise. Since early 2024, Bitcoin ETFs have seen billions in net inflows. There is widespread speculation that this attention may soon extend to other major cryptocurrencies, including BNB.

Outlook for growth of digital assets in regulated markets

With this move, VanEck reinforces its confidence in the continued adoption of blockchain technology and alternative digital assets. While no approval has been granted yet, this application signals that the market is rapidly evolving.

Disclaimer: This is not financial advice. Always consider doing your own research and seek professional guidance.