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VanEck Seeks BNB ETF Approval—Big Win For Binance?

  • Investment giant VanEck has registered a Binance Coin (BNB) exchange-traded fund in Delaware.
  • VanEck's BNB ETF will track the price of Binance Coin, the fifth-largest cryptocurrency.
  • This marks the first attempt to create a BNB ETF specifically for US investors.
  • The move reflects growing investor appetite for regulated cryptocurrency investment vehicles beyond just Bitcoin.

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