- VanEck filed for the first BNB ETF in Delaware, aiming for regulated BNB exposure in the US.
- The company has a history of filing ETFs, including Bitcoin, Solana, and Ethereum.
- Crypto investment and institutional interest have surged under the Trump administration.
VanEck, a global investment management company, registered a BNB ETF in Delaware, making it their 5th crypto asset ETF registration. This move indicates VanEck’s intent to offer a spot BNB ETF. Notably, the company’s filing marks the first attempt to launch a BNB ETF in the US market. This BNB ETF would track the price of BNB and provide a regulated exposure to investors without requiring them to buy, store, or manage the coin directly.
The company has a long history of investing in products, particularly in ETFs. They filed for a Bitcoin futures ETF in 2017 and got SEC approval in 2024, making them one of the first ETF providers to file. VanEck also filed for a Solana ETF in June and a spot Ethereum ETF in July 2024. Last month, VanEck applied for SEC approval to launch the first AVAX ETF. This shows their consistent push for crypto ETFs and bridging the gap between traditional finance and digital assets.
Related: The Blockchain Bulletin, Apr 3: VanEck Files For Its First U.S. BNB ETF Proposal
VanEck’s efforts to expand into crypto ETFs follow a similar path to BlackRock, whose Bitcoin ETF was criticized by figures like Peter Schiff. On April 1, 2025, Schiff posted on X, arguing that BlackRock CEO Larry Fink’s claim that Bitcoin could replace the US dollar as a reserve currency was an attempt to “shill their Bitcoin ETF.” Further, Schiff labelled Bitcoin as a “high-risk asset.” His criticism reflects broader skepticism among traditional finance figures about crypto-backed investment products and their long-term viability. Nonetheless, institutional interest in digital assets continues to rise.
Related: SEC Accepts Polkadot ETF While Canary Files ETF for PENGU
The filing for the BNB ETF comes at a time when the crypto industry is seeing a growing institutional investment. Following this, the BNB ETF could enhance the adoption of the BNB coin, especially given Binance’s global exchange dominance. VanEck’s move also aligns with its competitors like Bitwise and WisdomTree. Since Trump’s administration took office, the SEC has exhibited a pro-crypto stance, and if approved, the BNB ETF could set a precedent for more altcoin ETFs entering the market, strengthening crypto’s place in mainstream finance.
