Investment firm VanEck took a major step toward listing a BNB exchange-traded fund (ETF) in the United States. VanEck filed to register a Delaware trust named VanEck BNB ETF on March 31, 2025.
Investment firm VanEck took a major step toward listing a BNB exchange-traded fund (ETF) in the United States. VanEck filed to register a Delaware trust named VanEck BNB ETF on March 31, 2025.
If approved, it would be the first US-listed BNB ETF, a big milestone for Binance-branded products to be in mass finance.
21Shares BNB ETP details. Source: TradingView
A New BNB Era for Traditional Finance
VanEck’s filing indicates the potential venue for a BNB ETF, an instrument through which investors can invest in BNB without necessarily owning the cryptocurrency.
So far, no other company has made a move on a BNB ETF in the US, so this is an important development that could bring BNB to more than just crypto trading.
There Already Are BNB ETFs in Europe
Although this would be new to the US, Europe has had exchange-traded products (ETPs) for years on BNB.
21Shares launched a BNB ETP in Switzerland in 2019.
However, the product hasn’t gained traction, with just $15 million in assets under management out of Switzerland’s $5.3 billion crypto AUM.
This shows that while BNB-based financial products exist, demand is still developing.
What is BNB?
BNB, or as we known Binance Coin, is the native token of BNB Chain—a Web3 application hosting blockchain platform.
- Introduced by Binance in 2017, it was initially an ERC-20 token on the Ethereum network.
- Currently, BNB is at the fifth largest cryptocurrency by market capitalization of approximately $88 billion.
- It is used for decentralized finance (DeFi) applications, trading fee reductions, and payments.
- Altcoin ETFs Surge Under Trump
VanEck’s BNB ETF filing is one of the numerous altcoin ETF filings witnessed in the US since Donald Trump came back to power.
In March, VanEck submitted a Delaware trust for an Avalanche (AVAX) ETF.
At least nine companies have filed an XRP ETF with the Securities and Exchange Commission (SEC). VanEck’s application won’t likely be approved but demonstrates increasing interest in altcoin ETFs. If regulators approve a BNB ETF, then the path will be opened to more varied crypto-backed products in the US.
