VanEck, a leading investment management firm, has officially filed to establish a trust entity for a Binance Coin (BNB) exchange-traded fund (ETF) in Delaware. This marks the first attempt to launch a U.S.-based BNB ETF, potentially paving the way for institutional adoption of Binance’s native token.
According to public records on Delaware’s official state website, the VanEck BNB ETF was registered under filing number 10148820 on March 31, 2025. This filing is a preliminary step before a formal Securities and Exchange Commission (SEC) application, which will be required to bring the ETF to market.
Why This BNB ETF Filing Is Significant
VanEck’s filing signals growing institutional interest in Binance Coin (BNB), which is currently the fifth-largest cryptocurrency by market capitalization. If approved, the ETF would track BNB’s price movements, providing a regulated investment vehicle for traders looking to gain exposure to the asset.
The move also follows VanEck’s strategic expansion in the crypto ETF sector, having previously launched spot Bitcoin and Ethereum ETFs. In June 2024, the firm filed for the first Solana (SOL) ETF, followed by an Avalanche (AVAX) ETF in February 2025.
VanEck’s Growing Presence in the Crypto ETF Market
With nearly $115 billion in assets under management, VanEck has positioned itself as a key player in the crypto ETF space. The firm was also the first to file for a Bitcoin futures ETF in 2017, demonstrating its long-term commitment to the sector.
The BNB ETF filing means Binance Coin now joins an elite list of cryptocurrencies—including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Avalanche (AVAX)—that have had ETF applications initiated in the U.S.
What’s Next for the BNB ETF?
For the ETF to launch, VanEck will need to file a 19b-4 form and a Form S-1 with the SEC, similar to its previous filings for Bitcoin and Ethereum ETFs. While the SEC has not yet approved any BNB-related ETFs, VanEck’s move signals increasing institutional interest in expanding crypto investment products.
With BNB trading around $608 at press time, a successful ETF launch could unlock new demand and further integrate Binance Coin into mainstream financial markets.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are volatile and risky. Always conduct your research before making any investment decisions.
