U.S-based VanEck submits application for first Bitcoin (BNB) Exchange-Traded Fund, aiming to broaden crypto investment opportunities.
Rewritten Article:
- Highlights:
- VanEck pushes forward with plans to launch the first US-based ETF tracking Binance Coin (BNB).
- The ETF could potentially feature a staking element, pending regulatory approval.
- Following the announcement, BNB surged 8.2% in price.
Get ready for a groundbreaking move in the crypto world! On May 2, 2025, US-based asset manager VanEck took a giant leap forward, filing an S-1 registration statement with the Securities and Exchange Commission (SEC) to launch the VanEck BNB ETF – the first ETF in the US to offer direct exposure to Binance Coin (BNB) for investors.
The ETF aims to mimic the spot price of BNB, minus fees and expenses, while also offering staking rewards (provided regulatory approvals align). With staking, investors would not only enjoy price exposure but also additional yield via trusted staking providers.
VanEck's Ambitious Crypto ETF Strategy
VanEck's BNB ETF filing is part of its aggressive expansion strategy for crypto ETFs, following the successful launch of spot Bitcoin and Ethereum ETFs in 2024. The company is also pursuing ETFs linked to Solana and Avalanche, making it one of the most active traditional finance players venturing into regulated products connected to crypto.
VanEck's move follows its formation of a dedicated trust entity in Delaware to serve as the fund's sponsor, a typical legal step for ETF launches. VanEck has been on a mission to marry cryptocurrencies with traditional finance products since 2017, when it was among the first to propose a Bitcoin futures ETF[5].
BNB is a strategic pick for VanEck's ETF line-up. As a payment and utility token on the BNB Chain, it powers services across Binance's extensive ecosystem of decentralized applications (dApps), exchanges, and launchpads[3]. At the time of the announcement, BNB's market cap was approximately $85 billion, and it swiftly rose to $85.3 billion within hours, signaling investor enthusiasm.
The filing includes provisions for regulated ETFs to potentially simplify BNB access for investors, reducing the technical complexities associated with wallets or exchanges. The fund's shares would trade on a leading US exchange, and their pricing would be determined based on a "reliable" spot price index.
Market Reacts Positively to VanEck BNB ETF Filing
After the filing was announced on May 5, 2025, BNB's price skyrocketed by 8.2%, jumping from $540.23 to $584.55 on Binance. Trading volumes also increased substantially on major pairs, such as BNB/USDT and BNB/BTC, suggesting renewed interest from investors eager to capitalize on the ETF news.
This price surge mirrored patterns seen in previous ETF-related events involving Bitcoin and Ethereum, highlighting how ETF filings often serve as short-term catalysts for price optimism. There was also an uptick in on-chain activity, with Binance Smart Chain transactions rising by about 15% in the afternoon after the announcement.
More News: *VanEck Delaware-Registered Avalanche ETF Faces Turmoil Among AVAX and Altcoin Slump***
VanEck BNB ETF Approval Still Pending
Though VanEck's filing represents a significant step, there are still regulatory hurdles to clear before an ETF can be given the green light. The SEC remains cautious regarding crypto-based products, and a decision on this application may take some time. However, VanEck's history of Bitcoin and Ethereum ETF wins[3] suggests that they are taking calculated risks that could boost their chances.
If approved, the VanEck BNB ETF would not only be the first of its kind in the US, but it might also inspire other asset managers to introduce similar offerings for large-cap crypto assets. It could also broaden access to BNB for institutions that have previously been unable or unwilling to interact directly with crypto exchanges.
More News: *SEC Reviews 72 Crypto ETF Applications in Efforts to Foster Broader Market Integration***
- Anticipating historic moves, VanEck plans to launch the first US-based ETF tracking Binance Coin (BNB) in 2025, pending regulatory approval.
- The VanEck BNB ETF aims to replicate the spot price of BNB, while offering staking rewards if regulatory approvals are secured.
- With staking, investors will not only gain price exposure but also additional yield via trusted staking providers.
- VanEck's ambitious strategy for crypto ETFs includes plans for Ethereum, Solana, and Avalanche ETFs, making it a frontrunner in the traditional finance world venturing into regulated crypto products.
- The establishment of a dedicated trust entity in Delaware is a typical legal step for ETF launches, reflecting VanEck's long-term commitment to marrying cryptocurrencies with traditional finance products.
- BNB, a payment and utility token, is strategically chosen for VanEck's ETF line-up as it powers services across Binance's extensive ecosystem of decentralized applications (dApps), exchanges, and launchpads.
- After the filing was announced, BNB surged 8.2%, indicating strong investor interest in the potential VanEck BNB ETF.
- Trading volumes on major pairs, such as BNB/USDT and BNB/BTC, increased substantially following the news, demonstrating renewed interest from investors.
- The SEC's decision on the VanEck BNB ETF application remains pending, but its history of Bitcoin and Ethereum ETF wins suggests that calculated risks could boost their chances of success.
- If approved, the VanEck BNB ETF could inspire other asset managers to introduce similar offerings for large-cap crypto assets, broadening access to BNB for institutions.
