{"id":128638,"date":"2025-05-05T19:23:53","date_gmt":"2025-05-05T19:23:53","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=128638"},"modified":"2025-05-05T19:23:53","modified_gmt":"2025-05-05T19:23:53","slug":"vaneck-files-for-bnb-etf-first-in-us","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=128638","title":{"rendered":"VanEck files for BNB ETF, first in US"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsAsset manager VanEck has asked US regulators for permission to list an exchange-traded fund (ETF) holding BNB, the native token of Binance\u2019s BNB Chain, regulatory filings show.\u00a0<br \/>\nThe ETF is designed to accumulate spot BNB (BNB) tokens and \u201cmay, from time to time, stake a portion of the [fund\u2019s] assets through one or more trusted staking providers,\u201d according to the ETF\u2019s S-1 prospectus.\u00a0The filing marks the first time an asset manager has filed for a BNB ETF in the United States.<br \/>\nThe 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.\u00a0<br \/>\nBinance\u2019s 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.\u00a0<br \/>\nBNB Chain is among the most popular blockchain networks. Source: DeFILlamaRelated: Binance co-founder CZ proposes Bitcoin, BNB for Kyrgyzstan reserves<br \/>\nBitcoin&#8217;s \u201cspillover\u201d effect?<br \/>\nThe filing comes days after Binance co-founder Changpeng \u201cCZ\u201d Zhao reportedly said he expects the popularity of Bitcoin (BTC) ETFs to eventually \u201cspill over\u201d into altcoins.<br \/>\n\u201cThis cycle so far has been the ETFs. And it\u2019s almost all Bitcoin. Ether hasn\u2019t had as much success but Bitcoin success will spill over to the others eventually,\u201d CZ reportedly said during the Token2049 conference in Dubai.\u00a0<br \/>\nSpot Bitcoin ETFs attracted net inflows of more than $40 billion since launching in January of 2024, according to data from Farside Investors.<br \/>\nCumulative inflows into spot BTC ETFs. Source: Farside InvestorsVanEck\u2019s filing is the newest in a flurry of filings seeking to list ETFs holding altcoins.\u00a0<br \/>\nThe US Securities and Exchange Commission (SEC) has acknowledged dozens of cryptocurrency ETF proposals since US President Donald Trump took office on Jan. 20.\u00a0<br \/>\nThey include plans for ETFs holding native layer-1 tokens such as Solana (SOL) as well as memecoins such as Dogecoin (DOGE).<br \/>\nVanEck has filed to list other cryptocurrency ETFs over the past few months, including funds holding Solana and Avalanche (AVAX).<br \/>\nMagazine:\u00a0ZK-proofs are bringing smart contracts to Bitcoin \u2014 BitcoinOS and Starknet<a href=\"https:\/\/cointelegraph.com\/news\/vaneck-files-bnb-etf-first-in-us?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 NewsAsset manager VanEck has asked US regulators for permission to list an exchange-traded fund (ETF) holding BNB, the native token of Binance\u2019s BNB Chain, regulatory filings show.\u00a0 The&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\/128638"}],"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=128638"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/128638\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=128638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=128638"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=128638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}