Binance Coin has made it to the list of altcoins awaiting spot ETF approval from the US SEC, as VanEck filed its S-1 with the commission.
Top asset management firm VanEck has officially applied to list a spot Binance Coin (BNB) Exchange Traded Fund (ETF). It submitted this filing to the United States Securities and Exchange Commission (SEC) on May 2, 2025.
VanEck Binance Coin ETF Plans for StakingÂ
In the filed S-1 registration statement, VanEck stated its intention to offer a fund that would directly track the price of BNB. Should the SEC grant the asset manager’s request, VanEck BNB ETF will become the first US-registered fund to expose BNB without the perceived risks attached to the crypto asset.
In the meantime, little detail about the fund, not even its ticker symbol, is known. However, the preliminary prospectus hints at the possibility that the BNB ETF will offer staking, allowing investors to earn more yield beyond their ETF holding. The yield from staking would be more passive income received from vetted providers or affiliates of the asset management firm.
VanEck’s initial move was to register a trust entity in Delaware for the prospective BNB ETF in April. With the latest move, it has added BNB to the list of crypto investment products it is vying for. BNB is the native asset of the BNB Chain, which recently completed its 31st quarterly BNB burn.Â
With the VanEck Binance Coin ETF update, the top altcoin has seen a 1.41% rally with its price now pegged at $597.68.Â
DOGE, APT, LTC, and Other Crypto ETFs on SEC Desk
Apart from VanEck, several other asset managers are waiting for approval from the SEC for their spot crypto ETFs. A few days ago, Nasdaq’s stock exchange submitted the 19b-4Â with the SEC to list and trade the 21Shares Dogecoin ETF. This marked a bold move that officially kicks off the approval process for the canine-themed memecoin fund.
Before then, Canary Capital applied for a spot Tron ETF with the U.S. SEC. Like VanEck’s BNB ETF, Canary Capital plans to include staking in the new fund, allowing investors to earn extra rewards while holding TRX tokens if approved.Â
Bitwise Asset Management filed for the first spot Aptos (APT) ETF in the US with the agency after first filing to create a Delaware trust entity for the proposed Aptos ETF a week before. Amidst these numerous filings, the SEC, even under the leadership of Paul Atkins, has not approved.
Disclaimer: The information provided in this article is for informational purposes only. It does not constitute investment, financial, trading, or any other sort of advice. You should not treat any of BGEcrypto’s content as such. BGEcrypto does not recommend that any cryptocurrency should be bought, sold, or held by you. Do your due diligence and consult your financial advisor before making any investment decisions.
