VanEck has filed to register a Binance Coin (BNB) exchange-traded fund (ETF) in Delaware, marking a step toward launching a regulated BNB investment vehicle in the United States.
VanEck Initiates BNB ETF Registration
According to official Delaware state records, the asset management firm submitted its filing on March 31, establishing the groundwork for a potential BNB ETF. This preliminary step precedes the formal application process with the U.S. Securities and Exchange Commission (SEC), which would determine whether the ETF can be listed on an exchange.
Former Binance CEO Changpeng Zhao confirmed the filing on April 2 via his official X account, drawing further attention to the development. If approved, VanEck’s BNB ETF would be the first of its kind in the U.S., providing investors with direct exposure to Binance Coin.
Potential Impact on the Crypto Market
Currently, BNB-based investment products exist in Europe, such as the 21Shares Binance BNB ETP. However, no similar ETF has debuted in the U.S. Approval of VanEck’s proposal could signal broader acceptance of BNB as a mainstream financial asset.
A U.S.-listed BNB ETF would allow institutional and retail investors a regulated avenue to invest in Binance Coin, similar to how Bitcoin and Ethereum ETFs have expanded access to cryptocurrency investments. The move could also pave the way for additional altcoin-based ETFs, further integrating digital assets into traditional financial markets.
VanEck Expands Crypto ETF Offerings
VanEck has a history of filing for cryptocurrency-related ETFs, including products linked to Bitcoin, Ethereum, and Solana. The company recently applied to launch an Avalanche (AVAX) ETF in March, with a decision expected by November 2025.
The BNB ETF filing marks VanEck’s fifth digital asset fund initiated in Delaware, reinforcing its position as a key player in the expanding crypto investment space.
