Investment Manager Vaneck has registered to list a stock-gone fund tracking BNB, the native cryptocurrency of the Binance-bound BNB chain.
The New York-based company has proposed the creation of a trust in Delaware for a BNB ETF, a preliminary step to a formal application with the US Securities and Exchange Commission (SEC).
Vanecks BNB ETF, if approved would be the first such product listed in the US
The company was among the first issuers of Bitcoin (BTC) and Ether (ETH) ETFs in the United States after their approval in January and July 2024 respectively.
Vaneck has also registered to list ETFS that track the native tokens for Solana (Sol) and Avalanche (Avax).
BNB is priced at just over $ 603 at the time of writing, slightly changed in the hours since the first reports of Vaneck’s plans.
