On May 2, asset manager VanEck filed a registration statement with the Securities and Exchange Commission to launch a BNB exchange-traded fund (ETF).
This filing represents the first known effort to introduce a spot BNB ETF to the US market. If approved, the fund will be listed on an unspecified national exchange under a yet-to-be-announced ticker symbol.
This application is VanEck’s latest move to expand access to digital assets via traditional investment vehicles. It follows the establishment of a legal entity for the BNB ETF in Delaware about a month ago.
According to the preliminary prospectus, the ETF aims to mirror the price of BNB, minus operational expenses. The fund will hold actual BNB tokens in custody, with values based on prices from the top five trading platforms. MarketVector Indexes will calculate the index using these platform prices.
VanEck also mentioned the possibility of the ETF participating in staking, pending regulatory approval.
