{"id":126309,"date":"2025-04-02T11:15:52","date_gmt":"2025-04-02T11:15:52","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=126309"},"modified":"2025-04-02T11:15:52","modified_gmt":"2025-04-02T11:15:52","slug":"vaneck-eyes-bnb-etf-with-latest-delaware-trust-filing","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=126309","title":{"rendered":"VanEck eyes BNB ETF with latest Delaware trust filing"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsInvestment company VanEck filed to register a Delaware trust company for an exchange-traded fund (ETF) tracking Binance-linked BNB cryptocurrency.<br \/>\nVanEck, on March 31, registered a new entity under the name VanEck BNB ETF in Delaware, according to public records on the official Delaware state website.<br \/>\nIn filing 10148820, the entity is registered as a trust corporate service company in Delaware, hinting at a potential spot BNB (BNB) ETF in the United States.<br \/>\nVanEck BNB ETF trust registration in Delaware. Source: Delaware.govAccording to social media reports, VanEck is the first company to propose a potential BNB ETF in the US, potentially signaling an expansion of BNB Chain \u2014 formerly known as Binance Chain \u2014 across traditional financial products in the market.<br \/>\nBNB ETP product already exists in Europe<br \/>\nWhile VanEck is the first to move toward a potential BNB ETF product in the US, similar products have been trading in Europe for several years.<br \/>\nProminent European crypto asset manager 21Shares launched a BNB exchange-traded product (ETP) in Switzerland in October 2019, according to TradingView.<br \/>\n21Shares BNB ETP details. Source: TradingViewTradingView data suggests that 21Shares BNB ETP has only $15 million in assets under management (AUM), a 0.3% share of Switzerland\u2019s total crypto AUM of $5.3 billion as of March 28, as reported by CoinShares.<br \/>\nRelated: Grayscale files S-3 for Digital Large Cap ETF<br \/>\nThe product reportedly saw a significant drop in fund flows in the past year, totaling 537 million euros, or $580 million.<br \/>\nWhat is BNB?<br \/>\nFormerly known as Binance Coin, BNB is the native digital asset of the BNB Chain, which is now described as a \u201ccommunity-driven and decentralized blockchain ecosystem for Web3 decentralized applications.\u201d<br \/>\nBNB was launched by Binance in July 2017 as an ERC-20 token on the Ethereum blockchain as a tool to incentivize users to trade on their platform and pay for fees at a discounted rate.<br \/>\nFive top crypto assets by market capitalization. Source: CoinGeckoAt the time of writing, BNB is the fifth-largest cryptocurrency asset by market capitalization, worth about $88 billion, according to CoinGecko.<br \/>\nAltcoin filings surge with Trump administration<br \/>\nVanEck\u2019s BNB ETF trust filing is just one of many new US altcoin ETF filings and registrations that have followed Donald Trump\u2019s presidential inauguration in January.<br \/>\nIn early March, VanEck registered a similar Delaware trust for an ETF tracking the price of Avalanche (AVAX), also becoming one of the first companies to register such a trust.<br \/>\nMany ETF issuers have filed for an XRP (XRP) ETF with the Securities and Exchange Commission, with at least nine companies submitting standalone XRP ETF filings as of March 12.<br \/>\nMagazine: SEC\u2019s U-turn on crypto leaves key questions unanswered<a href=\"https:\/\/cointelegraph.com\/news\/vaneck-bnb-etf-delaware-trust?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsInvestment company VanEck filed to register a Delaware trust company for an exchange-traded fund (ETF) tracking Binance-linked BNB cryptocurrency. VanEck, on March 31, registered a new entity under&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126309"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=126309"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126309\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=126309"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=126309"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=126309"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}