Global investment firm VanEck has taken a significant step towards introducing a trust-based exchange-traded fund (ETF) focused on Binance Coin (BNB), marking the first such attempt in the United States. This move comes after similar BNB-related investment products have been offered in other markets, but no US-based BNB ETF exists yet. The registration, filed under number 10148820 on March 31st, is a crucial preliminary step before formally submitting an application to the US Securities and Exchange Commission (SEC). If approved, this BNB ETF would track the price of Binance Coin, currently the fifth-largest cryptocurrency by market capitalization. This follows VanEck’s successful launch of Bitcoin and Ethereum spot ETFs last year.