{"id":20365,"date":"2025-04-03T08:17:50","date_gmt":"2025-04-03T08:17:50","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=20365"},"modified":"2025-04-03T08:17:50","modified_gmt":"2025-04-03T08:17:50","slug":"vaneck-seeks-bnb-etf-approval-big-win-for-binance","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=20365","title":{"rendered":"VanEck Seeks BNB ETF Approval\u2014Big Win For Binance?"},"content":{"rendered":"
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Investment giant VanEck has registered<\/a> a Binance Coin (BNB) exchange-traded fund in Delaware, marking its fifth cryptocurrency ETF registration in the state. The move comes as major financial institutions continue to bet on digital assets despite market volatility.<\/p>\n

BNB Joins VanEck\u2019s Crypto ETF Lineup<\/h2>\n

According to public records on Delaware\u2019s official state website, VanEck<\/a> registered the new product on Monday under filing number 10148820. The \u201cVanEck BNB ETF\u201d was registered as a trust corporate service company, following similar registrations for Bitcoin, Ethereum, Solana, and Avalanche ETFs.<\/p>\n

The New York-based company confirmed the BNB ETF<\/a> will track the price of Binance Coin, currently ranked as the fifth-largest cryptocurrency with a market value of approximately $599. On-chain data showed BNB\u2019s trading volume jumped 40% to over $2 billion after the announcement.<\/p>\n

First BNB ETF Attempt In US Markets<\/h2>\n

VanEck\u2019s filing represents the first attempt to create a Binance Coin ETF specifically for US investors. While other BNB-related products exist in global markets, such as the 21Shares Binance ETP, none are based in the United States. The 21Shares product remains the only exchange-traded note tracking the Binance Coin index.<\/p>\n

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JUST IN: VanEck Registers Entity for Potential First BNB ETF in the U.S.<\/p>\n

VanEck has filed in Delaware to register an entity, hinting at plans for the first-ever BNB ETF in the U.S. market. The move marks a significant step towards expanding the accessibility of Binance Coin\u2026 pic.twitter.com\/iFXBVu4mkD<\/a><\/p>\n

\u2014 Crypto Town Hall (@Crypto_TownHall) April 2, 2025<\/a><\/p>\n<\/blockquote>\n

The registration follows VanEck\u2019s successful launches of Bitcoin and Ethereum ETFs last year after securing Securities and Exchange Commission approval. The company manages nearly $115 billion in client assets globally.<\/p>\n

Crypto ETF Race Heats Up<\/p>\n

\u201cVanEck seems to be taking a \u2018throw everything at the wall and see what sticks\u2019 approach, which makes sense,\u201d said Sumit Roy, senior ETF analyst at etf.com. \u201cAvalanche isn\u2019t the most widely traded cryptocurrency, but being first to market with an ETF in a new category comes with potential upside and little downside.\u201d<\/p>\n

<\/p>\n

The move comes just weeks after VanEck applied for SEC approval to launch the first AVAX ETF. Based on reports from Delaware\u2019s state website, that document was registered under file number 10125689.<\/p>\n

VanEck isn\u2019t alone in pursuing alternative cryptocurrency ETFs. Grayscale has also applied to launch funds based on XRP, Solana, and Dogecoin. The firm\u2019s Bitcoin fund currently manages nearly $17 billion and ranks third among Bitcoin funds from companies like BlackRock and Fidelity.<\/p>\n

Crypto ETFs Gaining Momentum<\/p>\n

The surge in ETF applications follows the strong performance of spot Bitcoin and Ethereum funds in 2023. Crypto-based exchange-traded products have drawn approximately $44 billion in assets during 2024 alone.<\/p>\n

The NASDAQ exchange also submitted an application to the SEC on March 28 to list shares of an Avalanche ETF issued by crypto asset manager Grayscale. According to filing documents, Grayscale\u2019s AVAX fund would use Coinbase Custody as its custodian.<\/p>\n

VanEck\u2019s latest move with BNB<\/a> suggests major financial institutions see growing investor appetite for regulated cryptocurrency investment vehicles beyond just Bitcoin. The company filed for a Solana ETF in June 2024, making it the first potential SOL exchange-traded fund in the US.<\/p>\n

To gain official approval, VanEck must now file a formal S-1 form with the SEC for these newly registered crypto ETFs.<\/p>\n

Featured image from Gemini Imagen, chart from TradingView <\/em><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Investment giant VanEck has registered a Binance Coin (BNB) exchange-traded fund in Delaware, marking its fifth cryptocurrency ETF registration in the state. The move comes as major financial institutions continue to bet on digital assets despite market volatility. BNB Joins VanEck\u2019s Crypto ETF Lineup According to public records on Delaware\u2019s official state website, VanEck registered […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-20365","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/20365","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20365"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/20365\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20365"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}