Vaneck Proposes First U.S. BNB-Backed ETF

$BNB Steps Into the ETF Spotlight

Vaneck Digital Assets has officially filed with the U.S. Securities and Exchange Commission (SEC) to launch the first U.S.-listed ETF directly backed by BNB, the native token of the BNB Chain. The proposal aims to bring institutional-grade exposure to BNB through traditional financial markets.

Inside the Vaneck BNB ETF

Filed on May 2, 2025, the ETF seeks to mirror BNB’s price performance by holding the asset directly, excluding operational expenses. If approved, it would trade under a dedicated ticker on a national exchange, allowing investors to gain exposure to BNB without managing private wallets or using crypto platforms.

An index provided by Marketvector Indexes GmbH—based on pricing from the five leading BNB trading platforms—will be used to determine the ETF’s daily share value.

Staking Potential and Risk Management

Though the ETF will not engage in forks, airdrops, or associated token claims, it may explore staking BNB for additional yield pending regulatory clearance. Importantly, the fund will not use leverage or derivatives, staying aligned with passive investment strategies.

Asset security will be ensured through a third-party custodian employing both cold and hot storage solutions. While theft or fraud may be partially covered by insurance, market losses in BNB will not.

TradFi Embraces Digital Assets

With this filing, Vaneck continues to bridge the gap between traditional finance and blockchain ecosystems. If approved, the BNB ETF could mark a pivotal moment in the growing adoption of crypto assets within regulated investment frameworks—offering wider market access to one of the industry's most actively used tokens.