BNB ETF Launch Vaneck Registers First

Vaneck Registers to Launch First BNB Exchange-Traded Fund in the US

• Vaneck has registered to list an exchange-traded fund (ETF) tracking BNB.
• BNB is the native cryptocurrency of the Binance-linked BNB Chain.
• The firm is based in New York.
• A trust is proposed to be established in Delaware as a preliminary step.
• The application will be submitted to the U.S. Securities and Exchange Commission (SEC).

Vaneck, a New York-based investment manager, has taken steps to list an ETF that will track BNB by proposing a trust establishment in Delaware before formally applying with the SEC.