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VanEck Files For First US-Registered BNB ETF With Staking Feature

Coin WorldMonday, May 5, 2025 6:41 am ET

2min read

VanEck, a prominent investment management firm, has officially filed a registration statement with the US Securities and Exchange Commission (SEC) to launch the VanEck BNB ETF, an exchange-traded product designed to directly track the price of BNB, the native asset of the BNB Chain. This filing, made under Form S-1 on May 2, marks a significant milestone as it would be the first US-registered ETF to offer direct exposure to BNB through token holdings, should it receive regulatory approval. The fund’s ticker symbol has not yet been disclosed.

The preliminary prospectus for the VanEck BNB ETF indicates that, pending regulatory approval from the listing exchange, the ETF may feature staking. This feature would allow investors to earn additional BNB rewards, potentially generating passive income from staking through vetted providers, which could include affiliates of VanEck. The inclusion of a staking feature is a notable development, as it differentiates VanEck's offering from other cryptocurrency ETFs currently available and could attract a broader range of investors.

This move by VanEck comes after the firm registered a trust entity in Delaware for the prospective BNB ETF last month. The goal is for this ETF to be the first of its kind to track BNB in the US, adding another milestone to VanEck’s growing roster of crypto investment products. BNB becomes the fifth crypto asset—after Bitcoin, Ether, Solana, and Avalanche—to have a standalone SEC registration initiated by VanEck.

VanEck has established a reputation as a pioneer in the digital asset ETF space. The firm launched its spot Bitcoin and Ethereum ETFs last year, following long-awaited approvals from the SEC, and was among the first to propose a futures-based Bitcoin ETF back in 2017. The potential approval of a BNB ETF could have significant implications for the broader cryptocurrency market, providing a regulated and accessible way for investors to gain exposure to BNB, which is the native token of the Binance Smart Chain and one of the largest cryptocurrencies by market capitalization. This could lead to increased demand for BNB and potentially drive up its price.

The inclusion of a staking feature in the ETF could make it an attractive option for investors who are looking for both capital appreciation and passive income. Staking involves holding a certain amount of cryptocurrency in a wallet to support the operations of a blockchain network, and in return, investors receive additional tokens as a reward. This feature could make the ETF more appealing to a wider range of investors, including those who are new to cryptocurrencies.

In summary, VanEck's filing for a BNB ETF with a staking feature represents a significant development in the cryptocurrency market. If approved, it could provide investors with a regulated and accessible way to gain exposure to BNB and earn additional rewards through staking. The potential approval of the ETF could also have broader implications for the cryptocurrency market, as it would provide a new avenue for investors to gain exposure to digital assets.

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