VanEck Aims to Bring First U.S. Binance Coin ETF

In a move that could reshape how U.S. investors access Binance Coin (BNB), VanEck has taken steps to launch a dedicated BNB exchange-traded fund.

The firm has filed a formal application with U.S. regulators, aiming to create the first ETF in the country linked specifically to Binance’s native asset.

This development reflects a broader shift in institutional interest, as major asset managers begin exploring alternatives beyond Bitcoin and Ethereum. While exchange-traded products tracking BNB exist overseas, notably in Europe, a U.S.-based ETF focused solely on the token would be a first.

The recent filing, submitted to the Securities and Exchange Commission, outlines plans for a fund that not only holds BNB but could potentially earn additional yield through staking mechanisms—an uncommon feature in traditional ETF structures. VanEck had previously registered a similar entity in Delaware earlier this April, signaling that groundwork for this launch has been underway for some time.

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Though the market performance of BNB has seen mild dips in recent days, the news has triggered a surge in trading activity. Daily volume climbed nearly 15% to over $1.4 billion, suggesting heightened anticipation surrounding the ETF’s possible impact.

Even as BNB trades just under $600, sentiment appears to be improving. Many observers believe that an approved ETF would open the door for greater exposure, especially from institutions that have been cautious about diving into crypto markets directly.

VanEck’s move also follows its earlier efforts to bring an Avalanche ETF to market, pointing to a clear strategy: deliver structured, regulated access to a wider spectrum of crypto assets—well beyond the usual suspects.

Alexander Stefanov