Key Takeaways:
- VanEck has filed with U.S. regulators to list the first U.S. ETF holding Binance’s BNB token, potentially including staking.
- The BNB Chain has nearly $6B in TVL and BNB offers around 2.5% in staking yield.
- This move follows a wave of crypto ETF filings amid growing interest sparked by Bitcoin ETF success.
VanEck has filed with U.S. regulators to launch the first U.S.-based exchange-traded fund (ETF) holding BNB, Binance’s native token.
The proposed ETF aims to directly hold spot BNB tokens and may stake a portion of them through trusted providers, potentially earning around 2.5% annually.
VanEck just filed for a spot BNB ETF. https://t.co/L2a6b7LeUH
— CZ 🔶 BNB (@cz_binance) May 5, 2025
With a current market cap of about $84 billion and nearly $6 billion in total value locked (TVL) on the BNB Chain, BNB is a leading smart contract platform by adoption.
This move comes amid rising interest in crypto ETFs, especially after the success of spot Bitcoin ETFs, which have attracted over $40 billion in net inflows since January 2024.
Binance co-founder CZ recently emphasized the ETF-driven market cycle, predicting broader adoption beyond Bitcoin.
VanEck’s BNB filing is part of a broader strategy, following its recent applications for ETFs involving other layer-1 tokens like Solana and Avalanche, and even memecoins like Dogecoin.
The U.S. SEC has started acknowledging a wider range of crypto ETF proposals, signaling potential regulatory openness to expanding crypto exposure through traditional investment vehicles.
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