VanEck has registered a trust organization in Delaware, which is an important step before submitting an application to the U.S. Securities and Exchange Commission (SEC) to launch an exchange-traded fund based on BNB. This initiative could lead to the emergence of the first BNB ETF in the U.S.
This is reported by Finway
According to information, the trust organization was registered on March 31, 2025. Registration of the trust is typically a prerequisite for submitting an application to the SEC; however, there can be a gap of several days to several months between these events.
For example, VanEck previously registered a trust organization for an AVAX ETF and then submitted an application using Form S-1 to the SEC.
Features of the Upcoming BNB ETF
The VanEck fund is expected to be a spot exchange-traded fund that will invest directly in BNB. This is supported by the fact that most major applicants for altcoin-related products are trying to create this type of ETF.
If VanEck receives approval from regulators, it will be a landmark event, as there has yet to be a BNB ETF in the American market. Currently, there is a similar product in Europe — the 21Shares Binance BNB ETP, which has an asset volume of $15.6 million.
Market and BNB Reaction
Following the announcement of VanEck’s plans, the price of BNB reacted to the news with a slight increase; however, over the past day, the asset has shown some fluctuations. At the time of writing, VanEck has not commented on this information or confirmed its intentions regarding the application for the BNB ETF.
At the time of writing, VanEck has not commented on the information nor confirmed plans to submit an application for the BNB ETF.