VanEck, a global investment manager, has filed for the first US-based spot Binance Coin (BNB) ETF as reported by Eric Balchunas, Bloomberg ETF analyst, on social media platform X (formerly known as Twitter). This announcement comes right after the high-profile TOKEN2049 conference held in Dubai, where industry leaders like Changpeng Zhao (CZ) and Jan Van Eck were present.
First BNB ETF Filed with the SEC
If the BNB ETF is approved by the SEC, it would be the first US-registered product offering that provides direct exposure to Binance’s native cryptocurrency token (fifth largest cryptocurrency by market cap). The ETF may also include staking feature that will allow investors to open additional BNB rewards.
The investment management company has already launched spot Bitcoin and Ethereum ETFs in the US and with this filing of BNB ETF, the company is solidifying its reputation as a pioneer of one of the best investment products in the industry.
Eric Balchunas Highlights the Increasing ETF Filings
Bloomberg ETF analyst Eric Balchunas has highlighted and has called this development to be a broader part of crypto ETF filings of 2025. According to Eric, there have been almost 72 crypto ETF filings (apart from this recent BNB ETF filing) which cover assets like Solana, XRP, Litecoin, Dogecoin, and more.
The only major crypto ETFs that have been approved include Bitcoin (2023-2024) and Ethereum (2024), which were approved last year. There has been no other additional spot altcoin ETF approvals yet in 2025 and all of them are still awaiting a decision.
Final decision on many of these are expected somewhere in later part of 2025 as the major deadlines for major altcoin ETFs have been set for Q3 and Q4.
VanEck has filed for Solana and Avalanche ETFs recently but are still awaiting for regulatory approval from the SEC.
Price Impact
Following this development, the price of the token has experienced a slight uptick. At press time, the price of the token stands at $594.65 with a slight increase of 0.2% in the last 24 hours as per CoinGecko.
VanEck is the first to file a BNB ETF (there has been no BNB ETF filed within or outside of the US by any of the companies), building its own track record with Bitcoin and Ethereum ETFs, while other altcoin ETF filings still wait for a green signal from the regulatory bodies. Further development in this direction will be closely watched by the investors.
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