In Delaware, the investment giant Vaneck has registered a Binance Coin (BNB) santa -up fund that marks its fifth ETF registration of the cryptocurrency in the state. The step comes because, despite the market volatility, the big financial institutions continue to bet on digital assets.
BNB joins Vaneck’s Crypto ETF line -up
According to public records on the official Delaware website, Vaneck registered the new product on Monday as part of the submission of number 10148820. The “Vaneck BNB ETF” was registered as a trustee company according to similar registrations for Bitcoin, Ethereum, Solana and Avalanche ETFs.
The company based in New York confirmed that the BNB ETF will pursue the prize of Binance Coin, which is currently classified as the fifth largest cryptocurrency with a market value of approximately $ 599. On-chain data showed that the BNB trading volume had increased by 40% to over $ 2 billion after the announcement.
First BNB -TF attempt in the US markets
Vaneck’s registration is the first attempt to create a Binance -Münz -TF especially for US investors. While other BNB-related products exist in global markets such as the 21shares Binance ETP, the United States is not a seat. The 21-shares product remains the only change container that follows the Bony mental index.
Just in: Vaneck Register’s Entity for Potential First BNB -TF in the USA
Vaneck submitted in Delaware to register a company, which indicates plans for the first BNB ETF in the US market. The move marks a significant step to expand the accessibility of Binance Coin … pic.twitter.com/ifxbvu4mkd
– Krypto -Rathaus (@Crypto_townhall) April 2, 2025
The registration follows Vaneck’s successful introduction of Bitcoin and Ethereum ETFs last year after securing the approval of the securities and stock exchange commission. The company manages almost 115 billion US dollars worldwide.
Krypto -Tf race heats up
“Vaneck seems to throw everything on the wall and see what sticks’ approach is, which makes sense,” said Sumit Roy, Senior ETF -Analyst at ETF.com. “Avalanche is not the most commonly traded cryptocurrency, but it is the first to represent the market for the market and a potential upward trend and a small disadvantage with an ETF in an ETF.”
BNB market cap currently at $85 billion. Chart: TradingView.com
The move takes place only a few weeks after Vaneck applied for the SEC permit for the start of the first AVAX ETF. Based on reports from the Delaware state website, this document was registered under file number 10125689.
Vaneck is not solely when persecuted by alternative cryptocurrency. Greyscale has also applied for the start of funds based on XRP, Solana and Dogecoin. The company’s Bitcoin fund currently manages almost 17 billion US dollars and takes third place at Bitcoin funds such as Blackrock and Fidelity.
Krypto ETFS that gain dynamics
The increase in ETF applications follows the strong performance of Spot Bitcoin and Ethereum funds in 2023. Crypto-based stock exchange products were used for around $ 44 billion in 2024 alone.
The Nasdaq Exchange submitted an application to the SEC on March 28 to list shares of an Avalanche -ETF, which was issued by Grayscale by Crypto Asset Manager. According to the registration documents, the AVAX fund from Grayscale Coinbase would use custody as a custodian.
Vaneck’s most recent step with BNB indicates that large financial institutions exceed the growing investor appetite for regulated cryptocurrency facilities via only Bitcoin. The company submitted a Solana ETF in June 2024 and was the first potential Sol Exchange Fund in the United States.
In order to receive the official approval, Vaneck must now submit a formal S-1 form at the SEC for these newly registered crypto ETFs.
Selected picture of Gemini Imageen, Diagram from Tradingview
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