- VanEck files for first-ever BNB ETF in the U.S.
- VanEck pushes for regulated BNB investment in the U.S.
In a significant development, VanEck has taken a major step in the cryptocurrency market by filing for the first-ever Binance Coin (BNB) exchange-traded fund (ETF) in the United States. The company registered the ETF in Delaware, marking its fifth crypto asset ETF filing in the state. The addition of BNB positions VanEck as a leading provider for cryptocurrency ETFs that also include Bitcoin, Ether, Solana, and Avalanche portfolios. According to the filing documentation, VanEck continues its digital asset investment expansion while increasing its crypto-related investment choices.
VanEck Registers Binance Coin (BNB) ETF in Delaware
BNB functions as the primary virtual currency network of BNB Chain, which Binance has established. Smart contracts and decentralized applications (dApps), as well as digital asset transactions, take place on this network framework. The infrastructure of BNB Chain contains two core units.
BSC represents the first core component of BNB Smart Chain due to its goal of enabling scalable application development on its infrastructure. The governance, together with staking responsibilities, is managed by BNB Beacon Chain. Both BNB investment products exist in the market, yet they do not operate as traditional U.S.-based exchange-traded funds (ETFs).
The asset management firm VanEck serves more than 115 billion of client assets across the globe. The company recognized the VanEck BNB ETF through filing number 10148820 as a corporate trust service company on March 31. The registration of the fund can be verified through public documents available on the Delaware state website.
The filing becomes VanEck’s most recent submission after its previous request for an Avalanche (AVAX) ETF in March 2025. Through the AVAX ETF, investors gain exposure to Avalanche by receiving price-based rewards that compensate for operational costs. VanEck demonstrates its dedication to cryptocurrency financial products by adding BNB to its portfolio.
BNB ETF would follow Binance Coin’s market value and let investors access BNB’s value while removing the need to directly buy or hold the cryptocurrency. According to CoinMarketCap data, BNB reached $604 per coin with a massive market cap of $86 billion, resulting in the fifth ranking among cryptocurrencies. This proposed ETF would deliver a regulated investment vehicle for individuals who wish to invest in Binance Coin.
BNB ETF Could Open New Investment Avenues
VanEck is not the only firm working on new cryptocurrency ETFs. In March 2025, Franklin Templeton, as a worldwide asset management company with $1.5 trillion in assets, officially submitted a petition to launch an XRP ETF. Institutional interest toward cryptocurrencies continues to expand, as suggested by recent institutional actions. Traditional investment products that link to digital currencies are becoming the focus for an expanding number of companies.
In the U.S., the regulatory agencies headed by the Securities and Exchange Commission (SEC) conduct formal approval procedures before crypto ETFs can become operational. The potential approval of VanEck’s BNB ETF would create investment possibilities and construct a financial basis for Binance Coin. The cryptocurrency market expansion will result in a rising number of asset management firms submitting applications for ETFs. The future of ETF funds in the United States depends on how the Securities and Exchange Commission decides, so investors are currently waiting for this ruling.
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