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Leading investment company VanEck has filed to register a Delaware trust company for an exchange-traded fund (ETF) tracking the Binance-linked BNB digital asset.
On March 31, VanEck registered a new entity under the name ‘VanEck BNB ETF’ in Delaware, according to public records on the official Delaware state website.
BNB ETF filing by VanEckhttps://t.co/4GuXMDkzCc
— CZ BNB (@cz_binance) April 2, 2025
A BNB ETF Could Provide Some Good News To Halt Its -5% Slide In The Past Week.
According to the Delaware state website, filing 10148820 shows that VanEck registered the entity as a trust corporate service company in Delaware, hinting at a potential spot BNB ETF in the United States.
VanEck is the first company to propose a potential Spot BNB ETF in the US, potentially signaling an expansion of the BNB Chain, formerly known as Binance Chain, across traditional financial products in the market.
Binance could use some good news after the exchange has been struggling to stay ahead of the EU’s MiCA regulations, which has seen it have to de-list prominent crypto trading pairs for EU countries.
Similarly, the BNB token, which is often associated with Binance, is down roughly 5% in the past week, and investors will be hoping news of the VanEck Spot ETF filing can reverse course for the number 5 ranked digital asset.
CoinGecko has BNB as the fifth largest cryptocurrency by market cap, which is $87.7 billion. It sits a fair way behind Ripple (XRP) in fourth, which is valued at over $123 billion.
If BNB received a spot ETF listing in the US before XRP, it could catapult above the Ripple blockchain’s native token.
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BNB ETP Product Already Exists Across The Pond In Europe
While VanEck is the first to move toward a potential BNB ETF product in the US, similar products have traded in Europe for several years.
One of Europe’s leading crypto asset managers, 21Shares, launched a BNB exchange-traded product (ETP) in Switzerland in October 2019.
TradingView data suggests that 21Shares BNB ETP has only $15 million in assets under management (AUM), a 0.3% share of Switzerland’s total crypto AUM of $5.3 billion as of March 28, as reported by CoinShares.
The product reportedly saw a significant drop in fund flows in the past year, totaling 537 million euros, or $580 million.
VanEck On An ETF Filing Spree
$1.5T AUM Franklin Templeton explores launching XRP and Crypto ETPs in Europe as part of its new investment offerings.
Franklin Templeton also filed 2 XRP ETFs with the US SEC & CBOE.#XRP #RLUSD #XRPETF
— Kenny Nguyen (@mrnguyen007) April 2, 2025
VanEck’s BNB ETF trust filing is just one of many new US altcoin ETF filings and registrations following Donald Trump’s presidential inauguration in January.
In early March, VanEck registered a similar Delaware trust for an ETF tracking the price of Avalanche (AVAX), also becoming one of the first companies to register such a trust.
Interestingly, they aren’t on the list of 9 firms recently filing for a Ripple (XRP) ETF. Many ETF issuers have filed for an XRP ETF with the Securities and Exchange Commission (SEC).
The list includes some of the biggest asset managers in the US and is as follows: Grayscale, CoinShares, 21shares, Bitwise, Canary Capital, ProShares, Franklin Templeton, and Volatility Shares.
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Investment firm VanEck file for a US-based Spot BNB ETF
- BNB is down 5% on the week and news of a potential ETF could provide the right catalyst for a reversal
- There is already a BNB ETP product from 21shares in operation across Europe
- 9 investment firms have recently filed for an XRP ETF while VanEck are the first to file for a BNB ETF
The post VanEck Files For A Spot BNB ETF: Can The Binance-Linked Crypto Beat XRP To Become The Next ETF? appeared first on 99Bitcoins.
