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VanEck Seeks SEC Approval for US’s First BNB ETF in Delaware Filing

  • VanEck files for the establishment of a trust entity in Delaware before submitting a formal application to the SEC for a Binance Coin (BNB) ETF.
  • If approved, the VanEck BNB ETF would be the first US-based ETF to track the price of BNB, the fifth-largest cryptocurrency.
  • VanEck previously introduced spot Bitcoin and Ether ETFs, and also registered standalone ETFs for Solana and Avalanche.
  • BNB's market performance remained unaffected by the filing, currently trading at approximately $605 with a 1.36% decline in the past 24 hours.

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