Investment manager Vaneck has registered to list an exchange-traded fund (ETF) that will track BNB, the native cryptocurrency of the Binance-linked BNB Chain. The New York-based firm has proposed the establishment of a trust in Delaware as a preliminary step toward a formal application with the U.S. Securities and Exchange Commission (SEC). If approved, Vaneck’s BNB ETF would become the first of its kind listed in the U.S. market. This filing adds to Vaneck’s growing portfolio of cryptocurrency ETFs, which already includes products tracking bitcoin and ether, as well as fillings for solana and avalanche ETFs. With nearly $115 billion in client assets under management, Vaneck aims to capitalize on the increasing interest in cryptocurrency investment products, further solidifying its position as a pioneer in the crypto ETF space.

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