VanEck Files to Launch a BNB ETF, Opening the Door to Mainstream Exposure for Binance Coin

VanEck has filed an S-1 with the SEC to launch a BNB ETF, marking a key step toward mainstream exposure for Binance Coin.

A U.S. SEC filing for a Binance Coin (BNB) ETF has been made by VanEck, a move that could open up mainstream exposure for the token and boost liquidity.

The ETF, which is still subject to approval, would provide a crucial avenue for institutional and retail investors in the U.S. to gain exposure to Binance Coin.

“We are pleased to announce the filing of Form S-1 with the U.S. Securities and Exchange Commission for the creation of an exchange-traded fund (ETF) that will invest in Binance Coin (BNB),” a spokesperson for VanEck told TokenPost.

The ETF is being applied for through a “structured products” filing, a route previously used successfully by VanEck to launch its Bitcoin and Ethereum ETFs earlier this year.

Earlier this year in April, VanEck also completed the registration of the fund in Delaware, setting the stage for the S-1 filing, which kicks off the formal review process.

The move follows rumors earlier this year that a Trump-linked firm, Liberty Devises, could be facilitating Binance’s return to the U.S. Through a reported potential deal with Devises, upbeat outlooks for the future of Binance in the U.S. were discussed.

This filing also marks the latest chapter in VanEck’s growing presence in the crypto ETF space. Just three weeks ago, Nasdaq filed a 19b-4 for a VanEck Avalanche (AVAX) ETF.

Earlier this year, the asset manager, already known for its Bitcoin and Ethereum ETFs, had applied for a spot Bitcoin ETF with the SEC, which was later rejected. However, the institution went on to successfully launch its Bitcoin and Ethereum futures ETFs in the U.S.

Moreover, rumors of a potential presidential pardon for Binance CEO Changpeng Zhao have also been circulating.