Following the approval of Bitcoin and Ethereum ETFs, ETF applications were made for many altcoins such as XRP, Solana (SOL) and Litecoin (LTC), while the last move came for Binance Coin (BNB), which is among the largest altcoins.
Accordingly, cryptocurrency fund manager VanEck has registered a spot BNB ETF in the US state of Delaware. This could potentially be the first BNB ETF in the US.
According to the official filing page, VanEck has registered a BNB ETF in Delaware, but this does not constitute approval.
This type of registration is typically a sign that a fund manager is preparing to file an S-1 registration with the U.S. Securities and Exchange Commission.
VanEck previously registered an Avalanche (AVAX) ETF in Delaware on March 10.
This application led to a 42% increase in BNB trading volume, exceeding $2.12 billion, while the price continues to trade at $605, down 1.5% in the last 24 hours.
*This is not investment advice.
