VanEck has filed for the first-ever Binance Coin (BNB) exchange-traded fund (ETF) in the United States.
VanEck has registered the ETF in Delaware, marking its fifth crypto asset ETF filing in the state.
Adding BNB to its portfolio, VanEck aims to expand its cryptocurrency ETF offerings, which already include Bitcoin, Ether, Solana, and Avalanche portfolios.
The potential approval of VanEck's BNB ETF would create investment opportunities and a financial basis for Binance Coin in the U.S. market.