VanEck Registers BNB ETF Trust in Delaware, Awaits SEC Approval

VanEck, a global investment management firm, has taken a significant step toward launching the first-ever spot BNB exchange-traded fund (ETF) in the United States. This move comes as interest in cryptocurrency ETFs continues to rise, providing new opportunities for both institutional and retail investors. By registering a trust in Delaware, VanEck has signaled its intention to introduce a BNB-focused ETF, which could mark a pivotal moment in the crypto investment landscape.

On March 31, 2025, VanEck officially registered the “VanEck BNB ETF” as a statutory trust in Delaware. This filing, listed under the registration number 10148820 on Delaware’s state website, represents an early but crucial phase in the ETF approval process. If approved, this ETF would enable investors to gain exposure to Binance Coin (BNB) without the need to directly purchase and store the cryptocurrency themselves.

BNB, the native token of Binance’s BNB Chain ecosystem, currently holds the position of the fifth-largest cryptocurrency by market capitalization. With a total market value of approximately $87.1 billion, BNB has become an essential asset in the crypto industry, facilitating transactions, staking, and various decentralized finance (DeFi) activities. The proposed ETF aims to track the price of BNB, making it more accessible for traditional investors through regulated financial channels. However, the ETF still requires approval from the U.S. Securities and Exchange Commission (SEC), which has historically been cautious about endorsing cryptocurrency-based financial products.

Despite its prominence, BNB has experienced market fluctuations in recent months. Over the past 30 days, the token has seen a 2.2% decline in value. As of the latest trading data, BNB was priced at $598, reflecting a 1.7% dip in the last 24 hours. While VanEck’s trust filing has not yet triggered a surge in BNB’s price, the development has sparked optimism within the crypto community. If the ETF is approved, it could attract significant institutional investment, potentially leading to higher liquidity and price stability for BNB.

This move by VanEck follows its earlier attempt to introduce a similar ETF for Avalanche (AVAX) in March 2025. The firm registered a statutory trust for an AVAX ETF, reinforcing its commitment to diversifying cryptocurrency investment options. VanEck’s push into crypto ETFs aligns with broader market trends. A recent survey found that 71% of ETF investors plan to increase their allocations to cryptocurrency-based ETFs in the next year. This growing demand suggests that investors are becoming more comfortable with digital assets and are eager for regulated investment products.

VanEck’s BNB ETF registration could be a game-changer for the cryptocurrency sector. If approved, it would mark a significant step toward mainstream adoption and institutional acceptance of BNB. The move also underscores the increasing demand for diverse crypto investment options, beyond Bitcoin and Ethereum. As regulatory discussions around crypto ETFs evolve, VanEck’s initiative could pave the way for more cryptocurrency-focused financial products. Whether the SEC ultimately approves the ETF remains uncertain, but one thing is clear: crypto ETFs are no longer just a niche idea; they are becoming a crucial part of the digital asset market’s future.