VanEck Files to Launch a BNB ETF

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VanEck has filed an S-1 registration form with the US Securities and Exchange Commission (SEC) to launch a Binance Coin (BNB) exchange-traded fund (ETF).

This submission represents a significant step in VanEck’s efforts to introduce a new crypto-based investment fund. If approved, it will be the first US-based ETF linked to Binance Coin.

The ETF aims to track the price of BNB, providing investors with regulated exposure to the digital asset. Unlike other BNB-related products, this ETF functions as a passive investment vehicle, allowing access to BNB without the need for cryptocurrency exchanges or digital wallets.

Following the launch of Bitcoin and Ethereum ETFs in 2023, VanEck’s BNB ETF application further strengthens its position in the digital asset market. The ETF will directly hold Binance Coin tokens to minimize operational costs, ensuring a low-cost and efficient operation compared to more complex financial products.