VANKE FILES Officially for First Binance Coin BNB ETF in the United States, Eyes Staking Feature

American Investment Manager Vaneck has officially submitted a Registration statement with US SEC to launch Vaneck BNB ETF, a stock exchange-traded product designed to directly track the price of BNB, the original supply in the BNB chain.

VANECK BNB ETF, which was archived on May 2 under Form S-1, would be the first US-registered ETF to offer exposure to BNB via direct token holdings, if it were to receive legislative approval. The fund’s ticker symbol has not been revealed.

The preliminary prospectus also indicates that ETF may contain investors, pending regulatory approval from the listing exchange, to enable investors to earn additional GNB rewards. If permitted, ETF can generate passive income from striking through controlled suppliers, including potential member associations to Vaneck.

SEC archiving came after Vaneck Registered a unit of trust In Delaware for the future BNB ETF last month and strives for it to be the first ETF to track BNB in ​​the United States. It adds another milestone to Vaneck’s growing list of crypto investment products.

With this feature, BNB becomes the fifth crypto assets – after bitcoin, ether, solana and avalanche – to have a standalone SEC registration initiated by Vaneck.

Vaneck has steadily built a reputation as a pioneer within the digital access ETF space. The company launched its Tot Bitcoin and Ethereum ETFs last year, following long -awaited approvals from the US Securities and Exchange Commission (SEC) and was among the first to propose a futures -based Bitcoin ETF already in 2017.

BNB, the Tool Token for the BNB chain ecosystem and currently the fifth largest crypto supply through market value, is traded about $ 608, with minimal price movement over the past 24 hours, according to Coinmarketcap.

Token Powers transactions and smart contracts on the BNB chain and are used in a range of applications over the Binance Ecosystem.