VanEck Files to Launch a BNB ETF, Targeting Direct Token Holdings

American investment manager VanEck has officially filed a registration statement with the US SEC for the launch of the VanEck BNB ETF, an exchange-traded product designed to directly track the price of BNB, the native asset of the BNB Chain.

According to the filing on Tuesday, the ETF would be the first in the US to offer exposure to BNB via direct token holdings, pending approval from the regulator. The fund’s ticker symbol wasn’t disclosed.

The fund could also feature staking to allow investors to earn additional BNB rewards, which would be subject to approval from the listing exchange, according to the preliminary prospectus.

The ETF may generate passive income by staking the BNB through vetted providers, which could include affiliates of VanEck, according to the filing.

This filing follows the registration of a trust entity in Delaware last month for the prospective BNB ETF, which aims to be the inaugural ETF to track the coin in the US. It adds another milestone to VanEck’s expanding portfolio of crypto investment products.

With this move, BNB becomes the fifth crypto assets—after Bitcoin, Ether, Solana, and Avalanche—to have a standalone SEC registration initiated by VanEck.

VanEck has been at the forefront of the digital asset ETF market. The firm launched its spot Bitcoin and Ethereum ETFs last year, following lengthy applications to the regulator, and was among the first to propose a futures-based Bitcoin ETF back in 2017.