Krutika Adani
VanEck, a major investment management firm, has registered a Binance Coin (BNB) exchange-traded fund (ETF) in Delaware.
VanEck was the first to file for a futures Bitcoin ETF in 2017 and recently registered an Avalanche ETF in March. This strategic move signals its intent to capture growing institutional interest in crypto investments.
The VanEck BNB ETF will track Binance Coin's market performance. Registered under filing number 10148820, the ETF aims to provide regulated exposure to BNB for institutional investors.
VanEck must now file an official S-1 form with the U.S. SEC for the BNB ETF to move forward. With increasing demand for regulated crypto investment products, the firm continues positioning itself as a leader in digital asset ETFs.