VanEck Accelerates Application for Cryptocurrency ETF, Officially Submits BNB ETF to SEC Today
(Background: Understanding the 2025 U.S. Cryptocurrency ETF: Staking, Solana, and the Listing Frenzy)
(Context: Bitwise Foresees “The Big Four Brokerages” Opening Bitcoin ETF by Year-End, Is a Bull Market in Cryptocurrency Here?)
The U.S. Securities and Exchange Commission (SEC) website shows that VanEck, a management company with assets exceeding $110 billion, today (5th) submitted the S-1 registration document for the Binance Coin (BNB) ETF. The document mentions that if approved, this ETF would allow investors to earn BNB staking rewards, as well as other corresponding earnings, including those from token activities like initial offerings.
The S-1 document, as the first official document in the ETF issuance process, discloses the fund’s structure, objectives, and potential risks, providing transparency for investors.
Potential Appeal of the BNB ETF
If approved by the SEC, the BNB ETF is expected to offer a more convenient (relative to traditional investors) and regulated way to invest in BNB. Compared to direct holdings, the ETF can be traded through traditional brokerage accounts, reducing the complexity of managing wallets and dealing with exchange risks. This would be more appealing to traditional investors (including institutions) who are hesitant due to regulatory uncertainties or operational thresholds.
A Broader Cryptocurrency ETF Landscape
Currently, the SEC is reviewing approximately 72 cryptocurrency ETF applications, including those for larger market-cap cryptocurrencies such as XRP and Solana. Nevertheless, Bitcoin ETFs still account for the vast majority of cryptocurrency fund assets (about 90%). If the BNB ETF is successfully approved, it could bring passive income through staking for smaller altcoins, allowing them to enter mainstream finance via the ETF.
