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VanEck Files for BNB ETF in U.S.

The investment firm has filed an S-1 document for the Binance-founded chain's native token.
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May 5, 2025 • 1 min read

VanEck becomes the first asset manager to file for a BNB ETF in the U.S., marking a pivotal moment for the token’s mainstream accessibility.

What’s the Scoop?

  • First BNB ETF Filing: VanEck becomes the first asset manager to file for a BNB ETF in the United States, targeting the fourth-largest non-stablecoin cryptocurrency by market cap.
  • BNB Use Cases: BNB, the native token of BNB Chain, offers trading fee discounts on Binance and is used for travel bookings and merchant payments via the Binance Card.
  • Regulatory Challenges: VanEck’s application joins a crowded field of over 70 ETF filings awaiting SEC review, highlighting continued interest in mainstream crypto adoption.

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