Investment company VanEck has filed for a Delaware trust company to launch a potential exchange-traded fund (ETF) tracking the Binance-linked BNB cryptocurrency.
VanEck registered the entity VanEck BNB ETF in Delaware, which could signal the introduction of a BNB ETF in the United States.
While VanEck is the first to pursue a BNB ETF in the US, similar products have been trading in Europe for some time.
VanEck's filing is part of a surge in altcoin ETF filings following the inauguration of Donald Trump in January.