VanEck Aims to Launch First US Binance Coin ETF

Van Eck, a major investment firm managing over $115 billion in assets, has submitted an application to the U.S. Securities and Exchange Commission (SEC) to establish a trust for a Binance Coin (BNB) exchange-traded fund (ETF). This marks the first attempt to launch a BNB-focused ETF in the United States. While similar products exist in other markets, no US-based BNB ETF has been launched yet.