VanEck files for first-ever BNB ETF in the U.S., marking a milestone in crypto investment products - IcoHolder.

VanEck, a prominent asset manager known for its pioneering efforts in crypto investment products, has taken a significant step in expanding its digital asset portfolio. On March 31, 2025, the company filed to establish a trust for an exchange-traded fund (ETF) that will track the price of Binance Coin (BNB), the fifth-largest cryptocurrency by market capitalization. The filing, made in Delaware, is the first step in the process of launching the ETF, which will precede a formal application to the U.S. Securities and Exchange Commission (SEC).

If approved, the proposed ETF would mark the first-ever BNB ETF available in the U.S. while similar products, such as the 21Shares Binance BNB ETP, are already accessible in global markets. Despite the announcement, Binance Coin's price has yet to react positively, as it has dropped by 2% in the last 24 hours and has seen a decline of more than 5% over the past week, trading at $598.

VanEck has been at the forefront of the digital asset space since 2017 when it filed for the first-ever Bitcoin (BTC) futures ETF. The company continued to make waves in 2024 by launching its spot Bitcoin ETF, the VanEck Bitcoin Trust (HODL), followed by the VanEck Ethereum ETF (ETHV). In addition, it filed for the first-ever Solana (SOL) ETF in June 2024, with the SEC's decision expected by October 2025. VanEck also made headlines earlier this year by filing for an Avalanche (AVAX) ETF, with a decision deadline set for November 2025.

The move to introduce an ETF for Binance Coin underscores VanEck’s continued expansion in the growing cryptocurrency market and its commitment to bringing a wider range of digital assets to traditional investors. As the digital asset landscape evolves, the approval of these ETFs could further open the door for mainstream institutional adoption of cryptocurrency investments.