VanEck’s move signals a shift in investing, opens up new perspectives on how digital assets could reshape portfolio design, and sparks debates about risk and transparency.
Investment giant VanEck officially filed for a Binance Coin (BNB) exchange-traded fund (ETF) in Delaware on March 31, marking the first attempt of its kind in the US
VanEck Prepares SEC BNB ETF Application as Next Step
According to official public records from the state of Delaware, VanEck filed for a BNB ETF on March 31, beginning the process of establishing a trust for Binance Coin (BNB).
The registration, listed under the number 10148820, serves as a preparatory step before the company formally files with the U.S. Securities and Exchange Commission (SEC).
On April 2, Changpeng Zhao (CZ), former CEO of Binance, confirmed the news via his official X account, further emphasizing the significance of this milestone in the crypto space.
BNB, the native cryptocurrency of the Binance network, is ranked as the fifth-largest cryptocurrency by market capitalization, valued at $85.61 billion.
When VanEck filed its application, BNB was priced at around $608, but has since dropped slightly, currently trading at around $601.
This price change represents typical volatility in the crypto market, where values change due to factors such as market sentiment, regulatory news, and broader economic trends.
While the filing is just the beginning, the potential implications of a successful BNB ETF launch could have an impact on investors.
Potential approval would bring more attention to the BNB coin
If VanEck’s BNB ETF is approved, it would be the first ETF in the United States to offer direct exposure to Binance Coin.
Currently, products like the 21Shares Binance BNB ETP are available in Europe, but no comparable ETF has launched in the United States.
This potential US BNB ETF would provide US investors with similar opportunities as elsewhere.
A green light for a BNB ETF would also provide further legitimacy to BNB as a mainstream financial asset.
This would provide both institutional and retail investors with an easier and more regulated way to invest in Binance Coin, similar to how Bitcoin and Ethereum ETFs opened the door to broader investment activity.
Additionally, it could open the door to other altcoin-based ETFs, expanding the range of digital assets available to investors in traditional financial markets and encouraging the growth of the crypto ecosystem.
BNB ETF marks VanEck’s fifth fund application
VanEck is no stranger to the digital asset ETF space. The company has previously filed for a number of digital asset ETFs, including those based on Bitcoin, Ethereum, and Solana.
This continued interest in the crypto market reflects VanEck’s commitment to providing institutional investors with access to the growing range of assets in the crypto space.
In March, the asset manager filed an application to launch the Avalanche ETF (AVAX) in Delaware, with a decision expected by November 2025.
The recent filing of the BNB ETF now marks the fifth digital asset fund that VanEck has initiated in Delaware, further cementing the company’s position in the expanding crypto ETF market.
As VanEck continues its ETF expansion strategy, the competitive landscape has become more intense.
However, the move also puts VanEck in direct competition with rival asset manager Grayscale, which filed in October 2024 to convert its Digital Large Cap Fund into an ETF.
The fund has a diversified portfolio that includes assets such as Bitcoin, Ethereum, Solana, Ripple, and Avalanche.
VanEck’s application, along with other initiatives, reflects growing competition and institutional interest in digital asset ETFs, paving the way for a new era of crypto investment products.
FAQ
How could a managed digital asset product reshape portfolio strategies?
VanEck’s application hints at evolving market norms. It could spur funds to integrate digital assets alongside traditional investments, leading to a rethinking of risk controls and portfolio allocation methods.
What could this filing mean for the digital asset management industry?
The filing could serve as a catalyst for broader industry regulation. It encourages dialogue between fund managers and regulators, potentially inspiring new risk assessment approaches and sensible investor protections.
What long-term trends might emerge when combining managed digital asset funds with traditional portfolios?
Integrating digital assets within a managed framework could usher in a new era in portfolio design. This trend could encourage diversified strategies that balance volatility with the more stable returns of conventional investments.
