Investment manager VanEck has registered to list an exchange-traded fund tracking BNB, the native cryptocurrency of the Binance-linked BNB Chain.
The New York-based firm has proposed the establishment of a trust in Delaware for a BNB ETF, a preliminary step to a formal application with the U.S. Securities and Exchange Commission (SEC).
VanEck’s BNB ETF, if approved, would be the first such product listed in the U.S.
The company was among the first issuers of bitcoin (BTC) and ether (ETH) ETFs in the U.S. following their approval in January and July 2024 respectively.
VanEck has also registered to list ETFs tracking the native tokens of Solana (SOL) and Avalanche (AVAX).
BNB is priced at just over $603 at the time of writing, little changed in the hours since the first reports of VanEck’s plans.
Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]
The Bitcoin price topped slightly above $126,000 back in October 2026 and is now down…
On-chain data shows the Bitcoin Whale Transaction Count has witnessed a drawdown recently, a sign…
Key indicators such as ETF inflows cloud the bullish $70,000 holdout storyRead MoreCoinDesk: Bitcoin, Ethereum,…
The Royal Government of Bhutan transferred 519.707 BTC on Wednesday, the latest in a series…
Bitcoin price started a recovery wave above $70,000. BTC is now consolidating above $70,200 and…
Bitcoin remains locked in a tight range, leaving traders uncertain about its next major move.…