After making waves with its Bitcoin and Ethereum ETFs, VanEck is setting its sights on BNB, the utility token of the BNB Chain, with plans to launch what could be the first U.S.-listed BNB exchange-traded fund.
The asset management firm has filed to establish a Delaware-based trust, a preliminary move ahead of seeking approval from the U.S. Securities and Exchange Commission (SEC). If cleared, the product would allow investors to gain direct exposure to BNB through traditional brokerage platforms—something not yet available in U.S. markets.
VanEck’s push into BNB is part of a broader strategy. Following its successful Bitcoin and Ethereum ETF launches in 2024, the firm has also filed for ETFs tracking Solana (SOL) and Avalanche (AVAX), signaling a strong belief in the long-term demand for altcoin-based financial products.
At present, BNB trades around $603, relatively stable despite the announcement. But with growing institutional interest in alternative crypto assets, a greenlight from the SEC could spark renewed attention—and possibly fresh capital inflows—into the token.
For VanEck, this move isn’t just about BNB. It’s about building the bridge between decentralized assets and Wall Street, one ETF at a time.
