VanEck Moves BNB ETF Closer to Nasdaq Listing with Updated SEC Filing
VanEck Digital Assets has taken a key step toward launching a first-of-its-kind BNB ETF, filing with the U.S. Securities and Exchange Commission on Nov. 26, 2025 and signaling an intent to list the product on Nasdaq. The proposal positions the fund as a scalable, highly liquid vehicle designed to meet growing demand for regulated exposure to Binance’s native token from both institutional and retail investors.
If approved, the BNB ETF would represent a notable milestone in mainstream crypto adoption, likely improving liquidity and price discovery for BNB while offering investors a familiar ETF wrapper. The path forward depends on the SEC’s review and any additional Nasdaq requirements; market observers view the filing as a positive indicator for token-based ETFs, even as regulatory scrutiny and custody arrangements remain pivotal to the fund’s ultimate approval and structure.