VANECK檔案啟動了第一個美國交易所交易基金（ETF）跟踪Binance Coin（BNB）的性能

擬議的ETF旨在持有現貨BNB代幣，並可能通過信譽良好的Staking提供商定期存放其部分資產

Asset management giant VanEck has filed with the United States Securities and Exchange Commission to launch the first US exchange-traded fund (ETF) tracking Binance Coin’s (BNB) performance.

資產管理巨頭Vaneck已向美國證券交易委員會申請了首個美國交易所交易基金（ETF）跟踪二氧化硬幣（BNB）的績效。

The proposed ETF aims to hold spot BNB tokens and may periodically stake a portion of its assets through reputable staking providers, according to details outlined in its S-1 prospectus.

根據S-1招股說明書中概述的細節，擬議的ETF旨在持有現貨BNB代幣，並可能通過信譽良好的Staging提供商定期將其部分資產存儲起來。

This filing marks the first time an asset manager has filed for a BNB ETF in the United States.

該文件標誌著資產經理首次在美國為BNB ETF申請。

The chain is compatible with smart contracts and powers various dApps.

該鏈與智能合約兼容，並為各種DAPP提供動力。

If approved, the VanEck fund would enable traditional investors to gain exposure to BNB without needing to purchase or store the cryptocurrency directly—similar to the structure of existing spot Bitcoin and Ethereum ETFs.

如果獲得批准，Vaneck Fund將使傳統投資者能夠直接購買或存儲加密貨幣，從而獲得BNB的曝光率，這相似於現有的現貨比特幣和以太坊ETF的結構。

At present, BNB is the fifth largest cryptocurrency — boasting a market cap of around $84 billion. It’s currently trading at approximately $597 as of May 6, 2025.

目前，BNB是第五大加密貨幣，其市值約為840億美元。截至2025年5月6日，它目前的交易價格約為597美元。

VanEck’s application stands out due to the inclusion of a staking feature, giving the fund the potential to participate in BNB staking, subject to regulatory approval.

Vaneck的應用程序由於包含了放入功能而脫穎而出，因此該基金有可能參加BNB Staking，但要獲得法規批准。

Staking involves locking up digital assets to help secure and operate a blockchain network, with participants typically earning rewards in the form of additional tokens.

Staking涉及鎖定數字資產以幫助保護和操作區塊鍊網絡，參與者通常以其他代幣的形式獲得獎勵。

VanEck intends to distribute the contributors’ rewards to the ETF investors. According to the filing, the fund would generate “other income” in addition to the staking rewards.

Vaneck打算將貢獻者的獎勵分發給ETF投資者。根據文件，該基金將除了存放獎勵外還會產生“其他收入”。

This presents a bit of a gamble, especially considering that the SEC, under previous chair Gary Gensler, displayed strong opposition to ETFs offering staking functions. This firm stance was one of the reasons why spot Ethereum ETFs were approved without including staking.

這提出了一場賭博，尤其是考慮到SEC在先前的主席Gary Gensler領導下表現出強烈反對ETF，提供了固定功能。這種公司的立場是將以太坊ETF被批准而不包括賭注的原因之一。

However, there are indications that the regulatory climate may be shifting. The SEC is now headed by Paul Atkins, which some in the industry believe could bode well for a more favorable view on crypto.

但是，有跡象表明調節氣候可能正在轉移。 SEC現在由保羅·阿特金斯（Paul Atkins）領導，保羅·阿特金斯（Paul Atkins）中有些人認為這可以很好地兆頭，以對加密貨幣有更有利的看法。

As recently as last month, Grayscale updated its Ethereum ETF filing to account for staking. Moreover, hedge fund Canary Capital proposed a Tron ETF, which would also involve staking.

直到上個月，Grayscale都更新了其以太坊ETF文件以解釋股權。此外，對沖基金Canary Capital提出了TRON ETF，這也將涉及Staging。

None of these filings have yet been granted approval by the SEC, which has not provided specific time frames and has recently postponed several ETF decisions.

SEC尚未批准這些文件，該文件尚未提供特定的時間範圍，最近推遲了幾項ETF決定。

If successful, VanEck’s BNB ETF could mark a significant step forward for both BNB and the broader cryptocurrency market.

如果成功的話，Vaneck的BNB ETF可以標誌著BNB和更廣泛的加密貨幣市場邁出的重要一步。

ETFs are widely popular investment options in the regular stock market. They make it easier for both institutional and everyday investors to access assets, such as cryptocurrencies, through a regulated and familiar format.

ETF是普通股票市場中廣泛流行的投資選擇。它們使機構和日常投資者都可以通過受管制和熟悉的格式更容易獲取諸如加密貨幣之類的資產。

In the crypto landscape, BNB is already heavily utilized, being accepted to pay trading fees on the Binance exchange and serving as the preferred currency for decentralized finance (DeFi) applications and non-fungible token (NFT) platforms built on the BNB Chain.

在加密貨幣景觀中，BNB已經大量利用，被接受以支付二進制交易所的交易費用，並作為分散融資（DEFI）申請的首選貨幣（DEFI）申請（NFT）平台（NFT）平台構建在BNB鏈上。

Despite this, it has been able to tap into only a limited set of traditional financial avenues, such as exchange-traded funds. An ETF by VanEck could help expand that reach.

儘管如此，它仍然能夠利用一套有限的傳統金融途徑，例如交易所交易的資金。 Vaneck的ETF可以幫助擴大該覆蓋範圍。

It goes beyond merely providing simpler access. If they’re permitted to stake, it might also enable traditional investors to earn passive income with crypto — an opportunity that was previously unique to those already involved in the crypto sphere.

它不僅僅是提供更簡單的訪問。如果被允許持有，它也可能使傳統投資者能夠用加密貨幣（Crypto）賺取被動收入，而加密貨幣（Crypto）以前已經參與了加密貨幣領域的機會是獨一無二的。

To further advance the process, VanEck must also submit Form 19b-4. This step initiates an official review by the SEC and establishes a time frame for a decision on the ETF application, which is currently pending.

為了進一步推進該過程，Vaneck還必須提交表格19B-4。此步驟啟動了SEC的官方審查，並建立了有關ETF申請的決定的時間範圍，ETF應用程序目前正在待處理。