BNB Tops Bitcoin, Ethereum After VanEck Files For First US ETF Tracking The Token

BNB Tops Bitcoin, Ethereum After VanEck Files For First US ETF Tracking The Token

BNB Coin (CRYPTO: BNB) edged higher Monday after asset management giant VanEck filed an exchange-traded fund application with the SEC. What happened: BNB spiked over 2% in the last 24 hours, becoming the most successful cryptocurrency among the top ten by market capitalization. The coin's trading volume rose 10.67% to $1.46 billion. The rise overshadowed blue-chip cryptocurrencies Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), which rose 0.20…

Following Massive Bitcoin, Ether ETF Success, VanEck Seeks SEC Approval For First-Ever US BNB ETF – MAXBIT

The ETF applications keep coming. American investment manager VanEck is seeking the SEC’s sign-off to introduce the VanEck BNB ETF, an exchange-traded fund directly tracking the price of BNB— the native currency of the BNB Chain, a blockchain network closely related to the world’s largest exchange, Binance. The VanEck product, if approved, would be the...

VanEck Files S-1 Form To SEC For Approval Launch The First-Ever BNB ETF In U.S Market

VanEck submits S-1 form for BNB ETF to SEC for approval. BNB ETF aims to provide regulated and passive investment products. SEC approval could pave the way to staking and increased BNB demand. VanEck has submitted an S-1 registration form to the U.S Securities and Exchange Commission (SEC) to launch a Binance Coin exchange-traded fund (BNB ETF). The submission marks a major step in VanEck’s efforts to introduce a new crypto-based investment fund…

The crypto industry has received a new dose of enthusiasm after it became known that VanEck, one of the largest asset managers in the world, has presented to the SEC the S-1 form to launch the first BNB ETF based in the United States. This movement not only marks a milestone for Binance Coin (BNB), but could trigger a new upward phase for the asset. In this report, we explore the details of BNB's ETF, its potential impact on the market, and if i…

Following Massive Bitcoin, Ether ETF Success, VanEck Seeks SEC Approval For First-Ever US BNB ETF

The ETF applications keep coming. American investment manager VanEck is seeking the SEC’s sign-off to introduce the VanEck BNB ETF, an exchange-traded fund directly tracking the price of BNB— the native currency of the BNB Chain, a blockchain network closely related to the world’s largest exchange, Binance. The VanEck product, if approved, would be the first U.S.-listed ETF to offer investors exposure to BNB. VanEck Applies For BNB ETF As filing…

While VanEck and other managers expand the investor options framework, there may be more difficulties with BNB, given the currency links with Binance and aspects such as centralization. *** VanEck has formally requested an ETF BNB before the SEC. The application comes after key executives participate in the TOKEN2049 event, including the CEO of Binance. More than 70 ETF requests from altcoins are awaiting review under the new leadership of the S…