Key Takeaways:
- VanEck registered a Delaware trust for a potential spot BNB ETF, signaling plans to expand its crypto ETF lineup in the U.S.
- If launched, it would be the first BNB-focused ETF in the U.S., mirroring products already available in Europe.
- This move follows VanEck’s March filing for an Avalanche (AVAX) ETF, highlighting a broader push into altcoin ETFs.
VanEck has taken a key step toward launching a spot BNB exchange-traded fund (ETF) in the U.S. by registering a Delaware statutory trust under the name “VanEck BNB ETF” on March 31, 2025.
Although no ETF has been formally launched yet, the filing signals VanEck’s intent to broaden its crypto offerings to include Binance’s BNB token.
BNB ETF filing by VanEckhttps://t.co/4GuXMDkzCc
— CZ 🔶 BNB (@cz_binance) April 2, 2025
If approved, this would be the first BNB-focused ETF in the U.S., potentially marking a major milestone for the BNB Chain ecosystem.
The ETF would track BNB’s performance, which is currently valued around $600.
Similar products exist in Europe—21Shares launched a Binance BNB ETP in 2019 on the Swiss exchange, which now manages €14.2 million in assets despite large outflows over the past year.
VanEck’s move is part of a wider trend, with several altcoin ETF filings emerging in 2025.
Earlier in March, VanEck also registered a trust for an Avalanche (AVAX) ETF, highlighting growing institutional interest in making a variety of crypto assets accessible through traditional financial instruments like ETFs.
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