VanEck Seeks SEC Approval for First U.S. Spot BNB ETF
VanEck has formally submitted an application to the U.S. Securities and Exchange Commission to create the first U.S. spot BNB ETF, proposing to list the fund on Nasdaq under the ticker VBNB. The filing signals continued institutional interest in native crypto tokens beyond Bitcoin and Ether and follows a wave of approvals and applications for spot crypto ETFs over the past few years.
Approval would make BNB accessible through a regulated, brokerage-traded vehicle, likely boosting liquidity and lowering entry friction for retail and institutional buyers. However, timing remains uncertain as the SEC reviews custody, market surveillance, and compliance measures; the decision will be watched closely for precedent-setting guidance on token-specific spot products and their effect on on-chain markets and traditional trading venues.