VanEck Files for First $BNB ETF in Delaware, Its Fifth Crypto Asset ETF, Managing Nearly $115 Billion

VanEck has filed to establish a trust entity for a proposed exchange-traded fund (ETF) based on Binance Coin (BNB) in Delaware. This filing represents the first attempt to launch a BNB ETF in the U.S. market and marks VanEck's fifth cryptocurrency asset ETF registration in the state. The investment firm, which manages nearly $115 billion in assets, aims to expand its offerings in the cryptocurrency sector, which already includes ETFs for Bitcoin, Ether, and Solana. The move is seen as a significant step towards increasing institutional investment in digital assets.

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