VanEck has applied to the SEC to introduce the VanEck BNB ETF, which would be the first ETF in the U.S. to provide exposure to BNB.
The ETF would track the price of BNB, offering investors the opportunity to profit from its performance without needing crypto wallets.
The filing indicates that the ETF may include staking capabilities, allowing investors to earn extra yield with their investment.
VanEck, known for issuing Bitcoin and Ether ETFs, aims to be the pioneer in launching a BNB ETF in the United States amid a surge in altcoin-related ETF filings.