Categories: Cryptocurrency News

First Ever BNB ETF Filed by VanEck, Triggers Token Price Uptick

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.

VanEck files for BNB ETF with the SEC

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.

Eric Balchunas talks about the pending ETF approvals from the SEC

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.

BNB 24 hours chart

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.

Also Read: Tether Approaching $120B in US Treasuries, Q1 Profit Tops $1B

Ritu Lavania

Ritu Lavania is a full-time Web3 content writer with over three years of experience in the crypto industry. With the CoinNewsSpan team, she creates well-researched and engaging content that grabs the attention of readers. Her content has also been featured in TheCryptoTimes and The Coin Edition, and she is thus well-known in the crypto community. Being a research specialist, SEO expert, and creative writer, she produces content for various audiences. Apart from crypto, Ritu is passionate about education, loves teaching children, and is a poet. Staying current with blockchain trends at all times, she is of the opinion that storytelling brings otherwise daunting crypto subjects within reach and interesting.

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