VanEck has applied to create a Delaware trust for a possible spot BNB ETF, registering the first such filing in the United States.
European investors already have access to BNB-related exchange-traded products (ETPs), such as the 21Shares BNB ETP started in Switzerland in 2019.
This filing follows VanEck's previous applications for U.S. crypto ETFs for Bitcoin, Ether, Solana, and Avalanche.
The move towards a BNB ETF indicates the increasing institutional interest in digital assets and the growing trend of crypto ETF applications in the United States.