VanEck BNB ETF Registration
Fund manager VanEck registered the “VanEck BNB ETF” administrative entity with Delaware’s Division of Corporations for March 31, 2025, per Delaware’s official corporate filings website. The entity filing money with Delaware’s Division of Corporations suggests future plans to establish the first U.S.-based exchange-traded fund associated with Binance Coin (BNB), which ranks as the fourth largest crypto asset outside of stablecoins by market capitalization. The SEC’s approval hinges on official confirmation from VanEck after they establish a trust as an initial step for their filing process, despite recent cases of fake submissionsbeing tracked down in Delaware.
The price of BNB decreased by 1.51% to $599.78 within 24 hours, while serving as the foundation of Binance’s operation, since an ETF would introduce this coin to typical investors. Inside European markets, 21Shares operates a BNB exchange-traded product, while this proposed product would mark its U.S. market entrance. The Block contacted VanEck for clarification, but the company remains occupied as they filed requests for Avalanche and Solana ETFs, while they seem to be actively initiating BNB. I believe establishing an ETP based on BNB token makes solid business sense because of its extensive reach despite its centralized structure, which could potentially cause concern for cryptocurrency traditionalists.
Small Step with Potential—But Caution’s Warranted
The registration in Delaware legalizes the process but does not turn into a full-scale launch event. Trust registration serves only as an initial step that fails to ensure the creation of an ETF. VanEck has tracked this path before, as their Avalanche ETF established itself in Delaware on March 7, followed by an S-1 filing that week, and their Solana ETF has been waiting at the SEC since last June. Previous scams in Delaware require us to refrain from getting too excited about BNB ETF developments because the trust registration alone doesn’t guarantee the launch of the ETF. Remember that XRP fakeout in 2023? Fool me once, right?
Still, the timing’s intriguing. The Crypto ETF market has experienced new momentum since Bitcoin and Ether have aged out, with Solana and Avalanche emerging as potential entrants. The BNB market reflects Wall Street’s movement to connect traditional finance with cryptocurrency assets because it currently holds $90 billion in value. Despite its current downturn, BNB has a strong likelihood of persistence in the market. My take? The potential approval from VanEck has the power to boost BNB’s price , although the SEC’s strict enforcement might cause delays. At this poin,t the proposed project represents a faint potential rather than creating widespread media hype.
