Friday, July 4, 2025
Daily Crypto Post
  • Home
  • News
    • Altcoins News
    • Cryptocurrency News
  • Market
    • Price Analysis
  • About
  • Contact
No Result
View All Result
  • Home
  • News
    • Altcoins News
    • Cryptocurrency News
  • Market
    • Price Analysis
  • About
  • Contact
No Result
View All Result
Daily Crypto Post
No Result
View All Result

VanEck Pushes Forward with First-Ever BNB ETF Filing in the US

Jonathan Carls by Jonathan Carls
April 2, 2025
in Binance Feed, Market
Reading Time: 3 mins read
VanEck Pushes Forward with First-Ever BNB ETF Filing in the US
Share on FacebookShare on TwitterShare on RedditShare on Telegram
  • VanEck’s BNB ETF filing signals expanding institutional interest in altcoins.
  • BNB ETF approval may boost price but won’t directly enhance blockchain utility.
  • VanEck strengthens its crypto ETF lineup after Bitcoin, Ethereum, and Solana.

American investment firm VanEck has taken a significant step toward launching the first Binance Coin (BNB) exchange-traded fund (ETF) in the United States. This move could mark a milestone in the evolution of crypto-based investment products in traditional financial markets. 

The filing, submitted on March 31, lays the groundwork for a BNB-focused trust entity in Delaware. While it does not guarantee SEC approval, it signals VanEck’s intent to further expand its crypto ETF offerings beyond Bitcoin and Ethereum.

Related articles

XRP Targets $100 as Analysts Forecast Parabolic Growth Ahead of 2026 Utility Boom

XRP Targets $100 as Analysts Forecast Parabolic Growth Ahead of 2026 Utility Boom

July 3, 2025
Swiss-based Amina Bank becomes the first global bank to support Ripple’s new stablecoin $RLUSD

Swiss-Based Amina Bank Becomes the First Global Bank to Support Ripple’s New Stablecoin $RLUSD

July 3, 2025

BNB ETF filing by VanEckhttps://t.co/4GuXMDkzCc

— CZ 🔶 BNB (@cz_binance) April 2, 2025

The creation of this trust is a required first step before submitting a formal ETF application to the U.S. Securities and Exchange Commission. VanEck has registered this trust under filing number 10148820. It joins previous initiatives from the firm involving Bitcoin, Ether, Solana, and Avalanche. BNB now becomes the fifth cryptocurrency for which VanEck has initiated a dedicated ETF registration process in Delaware.

Strategic Expansion of VanEck’s Crypto Offerings

VanEck’s ETF ambitions are not new. The firm pioneered the filing for a Bitcoin futures ETF back in 2017. Since then, it has positioned itself as a leading crypto ETF player. Its spot Bitcoin and Ethereum ETFs were approved last year, adding legitimacy to its digital asset portfolio.

Following its Solana ETF filing in June 2024 and its Avalanche ETF application just last month, VanEck is aggressively expanding its presence in the crypto space. The addition of BNB to this lineup shows its growing confidence in the long-term potential of top-tier altcoins.

Besides being the native token of the Binance Smart Chain, BNB also plays a key role in the Binance ecosystem. However, while a BNB ETF would improve institutional access and liquidity, it may not directly boost the ecosystem’s growth. ETFs mainly serve investors rather than developers or users who interact with the blockchain itself.

ETF May Lift Price but Not Ecosystem

If the BNB ETF gains approval, it could positively impact the token’s market price. Still, this impact might remain short-term and speculative. The ETF does not introduce new infrastructure, dApps, or developers to the BNB chain. It simply enables exposure to the asset via traditional financial platforms.

As of press time, BNB trades at $598.11, showing a slight weekly decline. Its current market cap stands at over $87 billion, placing it among the top crypto assets globally. Despite the price dip, VanEck’s move may revive investor interest and potentially influence future price trends.

Tags: Market News

Related Posts

XRP Targets $100 as Analysts Forecast Parabolic Growth Ahead of 2026 Utility Boom

XRP Targets $100 as Analysts Forecast Parabolic Growth Ahead of 2026 Utility Boom

by Irene Mukiri
July 3, 2025

XRP completes bullish cup-and-handle breakout, signaling possible parabolic surge Analysts foresee XRP rising to $10–$50, with $100 targeted if 2017...

Swiss-based Amina Bank becomes the first global bank to support Ripple’s new stablecoin $RLUSD

Swiss-Based Amina Bank Becomes the First Global Bank to Support Ripple’s New Stablecoin $RLUSD

by Jonathan Carls
July 3, 2025

AMINA Bank becomes first traditional bank to support Ripple’s RLUSD stablecoin. Ripple seeks U.S. banking charter and Fed access to...

MOODENG Price Prediction – Will It Hit a New High After 40% Surge

MOODENG Price Prediction – Will It Hit a New High After 40% Surge

by Munene Timothy
July 3, 2025

MOODENG jumped by 31% within 20 minutes of Upbit’s listing, pushing daily volume and investor interest sharply higher. RSI rose...

Pi Coin Struggles Below $0.50 as Bitcoin Rally Widens Market Divergence

Pi Coin Struggles Below $0.50 as Bitcoin Rally Widens Market Divergence

by Veronicah Peninah
July 3, 2025

Pi Coin trades near support at $0.4913 as BTC surges past $109K with 2.0% daily gains. CMF reading at 0.01...

BONK Price Prediction for July 04 ETF Buzz Fuels Volatility and Recovery Shift

BONK Price Prediction for July 04 ETF Buzz Fuels Volatility and Recovery Shift

by Munene Timothy
July 3, 2025

BONK surges by 20% after 2x Long ETF filing; July 16 launch speculation boosts inflows and trader positioning. Price trades...

Load More

Recent News

  • XRP Targets $100 as Analysts Forecast Parabolic Growth Ahead of 2026 Utility Boom
  • Swiss-Based Amina Bank Becomes the First Global Bank to Support Ripple’s New Stablecoin $RLUSD
  • MOODENG Price Prediction – Will It Hit a New High After 40% Surge
  • Pi Coin Struggles Below $0.50 as Bitcoin Rally Widens Market Divergence
  • BONK Price Prediction for July 04 ETF Buzz Fuels Volatility and Recovery Shift

Popular News

  • JasmyCoin Sets Bold $17 Price Target by 2026 as User Adoption Surges

    JasmyCoin Sets Bold $17 Price Target by 2026 as User Adoption Surges

    227 shares
    Share 91 Tweet 57
  • Will SHIB’s Utility Tokens Fuel Its Rise Over TON?

    204 shares
    Share 82 Tweet 51
  • Solana: SOL Has Just Reclaimed $7 Billion in DeFi TVL

    231 shares
    Share 92 Tweet 58
  • Over $33M in Token Unlocks Set to Impact Crypto Markets Amid Escalating Global Tensions

    199 shares
    Share 80 Tweet 50
  • Aptos and Filecoin Lead the Next Layer 1 Push — Will They Sustain the Rally?

    195 shares
    Share 78 Tweet 49

Live Crypto News | Bitcoin and Altcoins News & Insights.

Recent News

XRP Targets $100 as Analysts Forecast Parabolic Growth Ahead of 2026 Utility Boom
XRP Targets $100 as Analysts Forecast Parabolic Growth Ahead of 2026 Utility Boom
July 3, 2025
Swiss-based Amina Bank becomes the first global bank to support Ripple’s new stablecoin $RLUSD
Swiss-Based Amina Bank Becomes the First Global Bank to Support Ripple’s New Stablecoin $RLUSD
July 3, 2025
MOODENG Price Prediction – Will It Hit a New High After 40% Surge
MOODENG Price Prediction – Will It Hit a New High After 40% Surge
July 3, 2025

© Daily Crypto Post. Live Crypto News | Bitcoin and Altcoins News & Insights. All Rights Reserved.

No Result
View All Result
  • Home
  • News
    • Altcoins News
    • Cryptocurrency News
  • Market
    • Price Analysis
  • About
  • Contact