VanEck Moves Forward with BNB ETF Application

A prominent asset management firm, VanEck, is taking significant steps toward launching an exchange-traded fund (ETF) dedicated to Binance’s BNB cryptocurrency. Recent filings reveal the creation of a trust named “VanEck BNB ETF” on March 31st, marking an important initial move in the application process with the U.S. Securities and Exchange Commission (SEC). This comes after Delaware’s official registration portal confirmed the trust’s commencement of operations, which suggests VanEck is preparing to formally submit an application to the SEC soon.