VanEck Seeks Approval for First US Spot Binance Coin ETF

Van Eck has officially submitted an updated registration to the U.S. Securities and Exchange Commission (SEC) seeking approval to launch a spot Binance Coin exchange-traded fund. The product, dubbed VanEck BNB ETF (VBNB), would directly hold Binance Coin (BNB), marking the first formal attempt to bring a spot BNB product to U.S. markets. The fund will list on Nasdaq, allowing US investors to gain regulated exposure to BNB without holding the token directly.