VanEck Files in Delaware for Possible US BNB ETF Launch

VanEck has laid its first stone on the path toward launching a BNB ETF in the United States, forming a Delaware trust company as a foundational requirement for any ETF-related submission to the SEC.

Should the application succeed, this would mark the first time BNB, Binance’s native asset, is tracked through a U.S. exchange-traded product—a meaningful expansion of crypto’s institutional footprint.

But the road ahead remains steep. Forming a trust is no guarantee of SEC approval, and the ETF must still navigate a rigorous compliance process before it reaches investors.

Check this out: VanEck Advances Crypto ETF Offerings with AVAX Filing

If VanEck’s BNB ETF is approved, it could create new access points for U.S. investors seeking exposure to Binance Coin—all within the guardrails of regulated financial markets.

The ETF would eliminate the need for direct crypto ownership, appealing to traditional and institutional investors looking to broaden their crypto footprint.

Meanwhile, similar products already exist in Europe, with companies like 21Shares offering BNB-based ETPs on regulated exchanges.

VanEck’s BNB ETF Filing Raises Questions

Though VanEck has taken what looks like a first step toward launching a BNB ETF, industry insiders are urging caution. The crypto ETF space has seen deceptive filings before—notably in 2023, when a fake “iShares XRP Trust” misled the market into thinking BlackRock was behind it.

Now, observers are waiting for VanEck to break its silence and confirm whether the filing signals a real ETF bid—or if it’s yet another case of mistaken or misused identity.

As of this writing, VanEck has issued no official response.

Read on: The Journey to Bitcoin ETF Approval: A Detailed Look