Van Eck Seeks First US ETF Approval for Binance Coin

VanEck, a prominent global investment firm managing over $115 billion in assets, has submitted an application to the SEC for a trust-based exchange-traded fund (ETF) focusing on Binance Coin (BNB). This marks a significant step towards bringing a BNB-focused ETF to US markets, representing the first such attempt. While similar products already exist in other countries, no US-based BNB ETF has yet been introduced.