Vaneck has submitted papers to sell shares in a stock exchange stock (ETF) that tracks Crypto Exchange Binance’s blockchain.

Asset Manager presented an S-1 document with Securities and Exchange Commission (SEC) on Monday for a BNB ETF, where he became the first potential issuer to submit such a fund in the US BNB, it is the native token for the BNB chain launched in 2017 by Binance.

Investors in the Fund – if approved – would also be able to earn stacks and additional symbols as well as other income, according to archiving. SEC under former President Gary Gensler had a strong conflicting attitude towards Stack, which is why several Spot Ethereum (ETF) ETFs do not include the function.

However, there is hope that the new chairman Paul Atkins will be more likely to approve the feature of future products. Last month, Grayscale filed a changed document to SEC to allow efforts in its Ethereum ETFs and Hedge Fund Canary Capital recently submitted a proposal to launch a Tron Etf with stacking functions.

No decision has been made to SEC on these applications that have delayed several deadlines for crypto -Tfs in recent weeks.

Vaneck is expected to follow its original filing with a 19B-4 document to make his intentions official and tie the regulator a deadline.

BNB has a market value of $ 83.9 billion and traded at $ 596 at the time of publication, which is approx. 0.27% over the last 24 hours. It is the fifth largest cryptocurrency after market capital.