US Seeks First Altcoin ETF Approval with VanEck’s BNB Filing

Following the green light for Bitcoin and Ethereum ETFs, applications for numerous altcoins such as XRP, Solana (SOL), Litecoin (LTC) have been submitted. The latest move involved Binance Coin (BNB), a prominent player in the altcoin space. 🇨🇦 Now, cryptocurrency fund manager VanEck has filed for a spot BNB ETF with the U.S. Securities and Exchange Commission (SEC). This could mark the first such ETF approved in the United States. While this filing is just a preliminary step, it’s often an indicator of upcoming SEC S-1 registration.