Binance Smart Chain Weekly Update: Spot ETF, Real World Assets, and Hackathon

The Binance Smart Chain (BSC) witnessed significant activity this week, encompassing developments in the spot ETF landscape, real world asset (RWA) advancements, and a flourishing hackathon environment. Notably, VanEck filed an application for a US-based spot BNB exchange traded fund (ETF), creating buzz within the crypto market. The filing seeks to launch VBNB on Nasdaq under the ticker VBNB after gaining approval from the SEC. VanEck’s proposal outlines physical BNB token holdings and aims to be similar to existing Bitcoin and Ethereum ETFs, tracking their price without offering staking rewards initially.