VanEck Seeks Approval for BNB ETF in the US
VanEck, a leading investment firm, has taken a significant step toward offering a BNB-linked exchange-traded fund (ETF) in the U.S.
On March 31, the company filed to register the VanEck BNB ETF in Delaware, signaling its intentions to introduce a new financial product linked to Binance’s BNB cryptocurrency.
A New Chapter for BNB in the U.S. Market
VanEck’s registration of the VanEck BNB ETF could mark the beginning of greater mainstream acceptance for Binance’s BNB in traditional finance. The company filed the trust under Delaware’s corporate service company laws, laying the groundwork for a potential spot ETF based on Binance Coin. This filing makes VanEck the first company to take such a step in the U.S., potentially paving the way for more crypto ETFs to enter the market.
BNB ETP Already Exists in Europe
Though VanEck is the first to propose a BNB ETF in the U.S., European markets already offer a similar product. In 2019, 21Shares launched the BNB exchange-traded product (ETP) in Switzerland. The product has, however, struggled to gain traction, with only $15 million in assets under management (AUM) as of March 2025. This indicates the challenges in making BNB widely accepted through traditional financial products.
Struggles of European BNB Products
21Shares’ BNB ETP has seen a noticeable drop in fund flows, with $580 million exiting over the past year. Despite being a pioneer in offering BNB to European investors, the product only captures 0.3% of the total crypto AUM in Switzerland. This limited success shows the hurdles faced by crypto products in garnering widespread investor interest.
What the U.S. BNB ETF Could Mean for Crypto
VanEck’s move to file for a U.S.-based BNB ETF highlights the growing interest in Binance’s BNB within traditional financial markets. The U.S. has yet to fully embrace cryptocurrency-focused ETFs, but VanEck’s filing could help usher in greater institutional interest. If approved, it would allow U.S. investors to gain direct exposure to BNB without holding the cryptocurrency themselves.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a "detective-like" mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
