After Success with BTC and ETH ETFs, VanEck Plans Binance Coin Offering

VanEck is preparing to deepen its foothold in the crypto ETF space with a new filing that could make it the first firm to bring a BNB exchange-traded fund to the U.S. market.

According to recent regulatory filings, the asset manager has initiated the creation of a Delaware-based trust designed to hold BNB, the native token of the BNB Chain, which is closely affiliated with crypto giant Binance. The trust marks an early step in the ETF approval process, ahead of a formal submission to the Securities and Exchange Commission (SEC).

Should the SEC approve the product, it would represent the first BNB-backed ETF to trade on a U.S. exchange—a significant development for institutional and retail investors seeking regulated exposure to one of the largest cryptocurrencies by market cap.

VanEck has already gained traction with its Bitcoin and Ethereum ETFs, which launched in early and mid-2024, following long-awaited regulatory breakthroughs. The firm is now signaling broader ambitions with additional filings for Solana (SOL) and Avalanche (AVAX) ETFs, suggesting a diversified altcoin strategy in the works.

BNB, currently priced at just over $603, showed minimal price movement following the news, indicating that markets may be taking a wait-and-see approach to the ETF’s chances of regulatory approval.

Still, if history is any guide, VanEck’s move could mark another turning point in the mainstream adoption of digital assets through traditional financial vehicles.