- VanEck’s filing is the first attempt to launch a Binance Coin (BNB) ETF in the U.S., as no domestic ETFs currently track BNB.
- The ETF would offer regulated exposure to BNB, reflecting growing investor demand for crypto ETFs beyond Bitcoin and Ethereum.
- The SEC has approved Bitcoin and Ethereum ETFs but remains undecided on altcoin ETFs like BNB, making this filing a key test case.
The United States witnessed its first exchange-traded fund (ETF) based on Binance Coin (BNB) through a filing from VanEck. On March 31, the asset management entity filed for the VanEck BNB ETF to serve as a trust under Delaware jurisdiction. Despite existing in this active market sector, the company continues to work on developing its position.
VanEck Strengthens Its Crypto ETF Portfolio
VanEck move to create a BNB ETF for registration in the U.S. demonstrates its dedication to building controlled cryptocurrency investment tools. The filing designated registration number 10148820 constructs the trust entity, which is a prerequisite to submitting a formal application to the Securities and Exchange Commission (SEC).
The current development places Binance Coin among Bitcoin, Ethereum, Solana, and Avalanche when these cryptocurrencies were registered with VanEck in Delaware. The American market features spot ETFs for Bitcoin and Ethereum, but a managed BNB ETF would represent their first option. The only BNB-related financial products excluding U.S. markets are the 21Shares Binance BNB ETP, while American investors do not have access to any ETF that tracks the cryptocurrency.
VanEck is an essential leader among companies developing crypto ETF options. In 2017 the firm became the first entity to request a Bitcoin futures ETF, subsequently building its investment offerings. The asset management company for the U.S. Solana ETF was approved by authorities in June 2024, making it the first proposed product in the domestic market. The company expanded its industry leadership through an application for Avalanche (AVAX) ETFs submitted in March 2025.
Growing Demand for Crypto ETFs in the U.S.
Institutional and retail investors show extensive interest in newly introduced Spot Bitcoin and Ethereum ETFs. New regulatory understandings have motivated firms like VanEck to work on launching ETFs for alternative digital assets. Introducing a BNB ETF would let investors access exposure to Binance Coin while avoiding the need to maintain ownership of the asset.
BNB traded at $608 during registration, and its price remained constant at the same level across the previous 24 hours, according to CoinGecko. BNB is the fifth-largest digital asset based on market capitalization and continues to influence the digital asset industry.
Evidence from VanEck demonstrates that their filing for the BNB ETF represents their tactical move to expand offerings for cryptocurrency investments. The company and 21Share’s other asset managers filed the 19b-4 form and subsequent regulatory files after their initial Solana ETF application submission to progress the approval process. The BNB ETF will require the same regulatory procedures when passing through the inspection process.
The SEC has approved spot Bitcoin and Ethereum ETFs, but regulators are uncertain about BNB and other altcoin ETFs. The escalating market demand for crypto investment products may lead to changes in regulatory choices in upcoming years. The newest SEC filing positions VanEck as the leading cryptocurrency ETF market leadership provider. The BNB ETF is a significant opportunity to welcome digital assets to traditional financial investment pools when the SEC approves it.
