<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/im...xNWQtM2FhYi03ZTczLTliMTQtNTY2ZGIxZDZjYTI3.jpg"></p><p><p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/im...xNWQtM2FhYi03ZTczLTliMTQtNTY2ZGIxZDZjYTI3.jpg" alt="VanEck files for BNB ETF, first in US"></p><p>Asset manager VanEck has asked US regulators for permission to list an exchange-traded fund (ETF) holding BNB, the native token of Binance’s BNB Chain, regulatory filings show. <p>The ETF is designed to accumulate spot BNB (<a data-ct-non-breakable="null" href="https://cointelegraph.com/binance-coin-price-index" rel="null" target="null" text="null" title="null">BNB</a>) tokens and “may, from time to time, stake a portion of the [fund’s] assets through one or more trusted staking providers,” <a data-ct-non-breakable="null" href="https://www.sec.gov/Archives/edgar/data/2066824/000206682425000002/vaneckbnbetfs-1.htm" rel="nofollow noopener" target="_blank" text="null" title="https://www.sec.gov/Archives/edgar/data/2066824/000206682425000002/vaneckbnbetfs-1.htm">according</a> to the ETF’s S-1 prospectus. The filing marks the first time an asset manager has filed for a BNB ETF in the United States.</p><p>The BNB token has a market capitalization of roughly $84 billion, according to <a data-ct-non-breakable="null" href="https://coinmarketcap.com/currencies/bnb/" rel="null" target="null" text="null" title="https://coinmarketcap.com/currencies/bnb/">data</a> from CoinMarketCap. As of May 5, BNB stakers earn a yield of approximately 2.5%, according to <a data-ct-non-breakable="null" href="https://www.stakingrewards.com/asset/binance-smart-chain/analytics" rel="null" target="null" text="null" title="null">data</a> from <a data-ct-non-breakable="null" href="http://stakingrewards.com" rel="null" target="null" text="null" title="null">Stakingrewards.com</a>. </p><p>Binance’s BNB Chain is among the most popular smart contract networks, with a total value locked (TVL) of nearly $6 billion, according to <a data-ct-non-breakable="null" href="https://defillama.com/chains" rel="null" target="null" text="null" title="null">data</a> from DefiLlama. </p><figure><img alt="VanEck files for BNB ETF, first in US" src="https://s3.cointelegraph.com/uploads/2025-05/0196a199-03c8-7848-a30a-6d89fef4bbe2" title=""><figcaption style="text-align: center;"><em>BNB Chain is among the most popular blockchain networks. Source: </em><a data-ct-non-breakable="null" href="https://defillama.com/chains" rel="nofollow noopener" target="_blank" text="null" title="https://defillama.com/chains"><em>DeFILlama</em></a></figcaption></figure><p><em><strong>Related: </strong></em><a data-ct-non-breakable="null" href="https://cointelegraph.com/news/kyrgyzstan-crypto-reserve-bitcoin-bnb-binance-cofounder-cz" rel="null" target="null" text="null" title="Binance co-founder CZ proposes Bitcoin, BNB for Kyrgyzstan reserves"><em><strong>Binance co-founder CZ proposes Bitcoin, BNB for Kyrgyzstan reserves</strong></em></a></p><h2>Bitcoin's “spillover” effect?</h2><p>The filing comes days after Binance co-founder Changpeng “CZ” Zhao reportedly said he expects the popularity of Bitcoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="" target="_self" text="null" title="https://cointelegraph.com/bitcoin-price">BTC</a>) ETFs to eventually “spill over” into altcoins.</p><p>“This cycle so far has been the ETFs. And it’s almost all Bitcoin. Ether hasn’t had as much success but Bitcoin success will spill over to the others eventually,” CZ <a data-ct-non-breakable="null" href="https://x.com/EricBalchunas/status/1917534964075356384" rel="null" target="null" text="null" title="null">reportedly</a> said during the Token2049 conference in Dubai. </p><p>Spot Bitcoin ETFs attracted net inflows of more than $40 billion since launching in January of 2024, <a data-ct-non-breakable="null" href="https://farside.co.uk/btc/" rel="nofollow noopener" target="_blank" text="null" title="https://farside.co.uk/btc/">according</a> to data from Farside Investors.</p><figure><img alt="Cryptocurrencies, Bitcoin Price, Investments, Markets, United States, Ethereum ETF, Bitcoin ETF, ETF" src="https://s3.cointelegraph.com/uploads/2025-05/0196a19f-a091-76f7-97b0-cefb126c3723" title=""><figcaption style="text-align: center;"><em>Cumulative inflows into spot BTC ETFs. Source: </em><a data-ct-non-breakable="null" href="https://farside.co.uk/btc/" rel="nofollow noopener" target="_blank" text="null" title="https://farside.co.uk/btc/"><em>Farside Investors</em></a></figcaption></figure><p>VanEck’s filing is the newest in a flurry of filings seeking to list ETFs holding altcoins. </p><p>The US Securities and Exchange Commission (SEC) has acknowledged dozens of cryptocurrency ETF proposals since US President Donald Trump took office on Jan. 20. </p><p>They include plans for ETFs holding native layer-1 tokens such as Solana (<a data-ct-non-breakable="null" href="https://cointelegraph.com/solana-price-index" rel="" target="_self" text="null" title="https://cointelegraph.com/solana-price-index">SOL</a>) as well as memecoins such as Dogecoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/doge-price-index" rel="" target="_self" text="null" title="https://cointelegraph.com/doge-price-index">DOGE</a>).</p><p>VanEck has filed to list other cryptocurrency ETFs over the past few months, including funds holding Solana and Avalanche (<a data-ct-non-breakable="null" href="https://cointelegraph.com/avalanche-price-index" rel="" target="_self" text="null" title="https://cointelegraph.com/avalanche-price-index">AVAX</a>).</p><p><em><strong>Magazine: </strong></em><a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/bitcoinos-starknet-adding-smart-contracts-bitcoin-zk-proofs/" rel="null" target="null" text="null" title="https://cointelegraph.com/magazine/bitcoinos-starknet-adding-smart-contracts-bitcoin-zk-proofs/"><em><strong>ZK-proofs are bringing smart contracts to Bitcoin — BitcoinOS and Starknet</strong></em></a></p><template data-name="subscription_form" data-type="defi_newsletter" label="Subscription Form: DeFi Newsletter"></template><p><br></p><p><br></p></p>
</p>
Asset manager VanEck has asked US regulators for permission to list an exchange-traded fund (ETF) holding BNB, the native token of Binance’s BNB Chain, regulatory filings show.
The ETF is designed to accumulate spot BNB (BNB) tokens and “may, from time to time, stake a portion of the [fund’s] assets through one or more trusted staking providers,” according to the ETF’s S-1 prospectus. The filing marks the first time an asset manager has filed for a BNB ETF in the United States.
The BNB token has a market capitalization of roughly $84 billion, according to data from CoinMarketCap. As of May 5, BNB stakers earn a yield of approximately 2.5%, according to data from Stakingrewards.com.
Binance’s BNB Chain is among the most popular smart contract networks, with a total value locked (TVL) of nearly $6 billion, according to data from DefiLlama.
Related: Binance co-founder CZ proposes Bitcoin, BNB for Kyrgyzstan reserves
The filing comes days after Binance co-founder Changpeng “CZ” Zhao reportedly said he expects the popularity of Bitcoin (BTC) ETFs to eventually “spill over” into altcoins.
“This cycle so far has been the ETFs. And it’s almost all Bitcoin. Ether hasn’t had as much success but Bitcoin success will spill over to the others eventually,” CZ reportedly said during the Token2049 conference in Dubai.
Spot Bitcoin ETFs attracted net inflows of more than $40 billion since launching in January of 2024, according to data from Farside Investors.
VanEck’s filing is the newest in a flurry of filings seeking to list ETFs holding altcoins.
The US Securities and Exchange Commission (SEC) has acknowledged dozens of cryptocurrency ETF proposals since US President Donald Trump took office on Jan. 20.
They include plans for ETFs holding native layer-1 tokens such as Solana (SOL) as well as memecoins such as Dogecoin (DOGE).
VanEck has filed to list other cryptocurrency ETFs over the past few months, including funds holding Solana and Avalanche (AVAX).
Magazine: ZK-proofs are bringing smart contracts to Bitcoin — BitcoinOS and Starknet
Continue reading...
</p>
Asset manager VanEck has asked US regulators for permission to list an exchange-traded fund (ETF) holding BNB, the native token of Binance’s BNB Chain, regulatory filings show.
The ETF is designed to accumulate spot BNB (BNB) tokens and “may, from time to time, stake a portion of the [fund’s] assets through one or more trusted staking providers,” according to the ETF’s S-1 prospectus. The filing marks the first time an asset manager has filed for a BNB ETF in the United States.
The BNB token has a market capitalization of roughly $84 billion, according to data from CoinMarketCap. As of May 5, BNB stakers earn a yield of approximately 2.5%, according to data from Stakingrewards.com.
Binance’s BNB Chain is among the most popular smart contract networks, with a total value locked (TVL) of nearly $6 billion, according to data from DefiLlama.
BNB Chain is among the most popular blockchain networks. Source: DeFILlama
Related: Binance co-founder CZ proposes Bitcoin, BNB for Kyrgyzstan reserves
Bitcoin's “spillover” effect?
The filing comes days after Binance co-founder Changpeng “CZ” Zhao reportedly said he expects the popularity of Bitcoin (BTC) ETFs to eventually “spill over” into altcoins.
“This cycle so far has been the ETFs. And it’s almost all Bitcoin. Ether hasn’t had as much success but Bitcoin success will spill over to the others eventually,” CZ reportedly said during the Token2049 conference in Dubai.
Spot Bitcoin ETFs attracted net inflows of more than $40 billion since launching in January of 2024, according to data from Farside Investors.
Cumulative inflows into spot BTC ETFs. Source: Farside Investors
VanEck’s filing is the newest in a flurry of filings seeking to list ETFs holding altcoins.
The US Securities and Exchange Commission (SEC) has acknowledged dozens of cryptocurrency ETF proposals since US President Donald Trump took office on Jan. 20.
They include plans for ETFs holding native layer-1 tokens such as Solana (SOL) as well as memecoins such as Dogecoin (DOGE).
VanEck has filed to list other cryptocurrency ETFs over the past few months, including funds holding Solana and Avalanche (AVAX).
Magazine: ZK-proofs are bringing smart contracts to Bitcoin — BitcoinOS and Starknet
Continue reading...