VanEck has filed to register the VanEck BNB ETF in the US, signaling its intentions to introduce a new financial product linked to Binance's BNB cryptocurrency.
This could mark the beginning of greater mainstream acceptance for Binance's BNB in traditional finance.
VanEck is the first company to take this step in the US, potentially paving the way for more crypto ETFs to enter the market.
If approved, the BNB ETF would allow US investors to gain direct exposure to BNB without holding the cryptocurrency themselves.