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Vaneck Investor has submitted a trust group for the first BNB ETF (Exchange-Traded Fund).
According to the public record of the official Delaware website, the company registered VANECK BNB ETF on March 31 according to the number 10148820.
Former Binance CEO Changpeng Zhao (aka CZ) shared the news on X. mail Early today.
Vaneck BNB ETF for the first time in the US
The formation of trust is one of the first steps taken by the company in the start of the ETF. Vaneck’s proposed BNB ETF is now heading to the US Securities and Exchange Commission (SEC) for review.
If Vaneck’s proposed BNB ETF receives a regulatory NOD from the SEC, it will display the first fund to track Binance Coin, the fifth largest encryption in the US with a market cap.
But it’s not the first BNB -related product. 21Shaes has already launched Binance BNB ETP outside the United States.
The price of BNB has retreated 24 hours despite optimistic news. After more than 1% in the last 24 hours, encryption is traded at $ 598.54 based on EST 1:20 AM. Coinmarketcap The data is displayed.
BNB has joined VANECK’s standalone encryption ETF list.
Vaneck was one of the companies that started Spot. Bitcoin Ether Leeum ETF in the United States in early 2024.
Since Donald Trump returned to the White House in January, he submitted Altcoin ETF to US securities regulators.
Analysts in February Sayed Litecoin (LTC) ETF will be 90%more likely to be approved than other Altcoin ETFs in 2025.
We have a chance to approve our official ALT Coin ETF. Litecoin leads to Solana and XRP after a 90% chance of W. We are only doing 33 laws $ 4-ESQUE file. However, the Def Poss saw the future or K-Man-auxiliary type 40 act objects. https://t.co/jsannifjbu
-Eric Balchunas (@Ricbalchunas) February 10, 2025
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