Following the approval of Bitcoin and Ethereum ETFs, ETF applications were made for many altcoins such as XRP, Solana (SOL) and Litecoin (LTC), while the last move came for Binance Coin (BNB), which is among the largest altcoins.
Accordingly, VanEck has officially filed an application for a spot BNB ETF.
VanEck previously filed a spot BNB ETF in the US state of Delaware on April 2. This could potentially be the first BNB ETF in the US.
The move marks VanEck’s continued push into crypto ETFs, having previously filed for similar funds tracking Solana (SOL) and Avalanche (AVAX).
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VanEck is now expected to take the next regulatory step by filing a 19b-4 document with the SEC that will formalize its plans to launch the BNB ETF.
Following the news, there was no movement in the BNB price.
*This is not investment advice.