Big move from VanEck—one of the more active players in the crypto ETF space. They've officially filed with U.S. regulators to launch the very first spot ETF $etfbased on BNB Binance’s native token.
The proposed ETF would hold actual BNB tokens and even plans to stake a portion of them through trusted providers, which could add some yield on top. Right now, BNB offers around a 2.5% yield for stakers—solid considering its current market cap sits near $84 billion.
This is a pretty significant step. Not only is it the first time a major U.S. asset manager is going after a BNB ETF, but it also signals growing confidence in altcoins getting the same kind of institutional interest we've seen around Bitcoin.
Binance’s BNB Chain is no small player either—it’s sitting on nearly $6 billion in total value locked (TVL), making it one of the top smart contract platforms out there.
This filing follows recent comments from Binance co-founder CZ, who predicted that the hype around Bitcoin ETFs would eventually spill over to altcoins. Seems like he was on the money.
VanEck's BNB filing joins a growing list of altcoin ETF proposals—including Solana and Dogecoin—showing just how fast the crypto ETF space is evolving. Since the Trump era, the SEC has been flooded with crypto-related ETF applications, and momentum doesn’t seem to be slowing down.
Altcoin ETFs could be closer than we think. $BNB