VanEck, a global investment management firm, is preparing for the launch of a Binance Coin (BNB) ETF in the U.S. According to a recent report the assets manager has filed to establish a statutory trust in Delaware as part of the BNB ETF preparations.
The move by VanEck precedes the ETF and Mutual Fund manager application for a spot BNB ETF with the U.S SEC. VanEck’s move is the first of a kind as there hasn’t been any other spot BNB ETF filing in the U.S. The ETF will provide a secure way for institutional investors to venture into BNB in a risk-minimized manner.
VanEck’s BNB ETF Statutory Trust Registration
New York-headquartered asset manager VanEck made a filing with the state of Delaware to register a statutory trust entity for BNB ETF. As per the data on the official website for Delaware, the firm registered the trust as ‘VanEck BNB ETF’ in March. 31, 2025. The trust can also be identified under the filing number ‘10148820.’
The registration of this trust is a preparatory step as the firm plans to apply for a spot BNB ETF with the SEC in the near future. This BNB ETF will track BNB’s price and allow investors to invest in Binance Coin without all the risks of the volatile asset.
Some of the other BNB-related products in the U.S include the 21Shares Binance BNB ETP. However, there is no other BNB ETF for the US market and VanEck’s will be the first. Furthermore, the move highlights VanEck’s commitment to innovative digital products. The firm also manages $115 billion in client assets and the proposed investment vehicle is aimed at expanding its digital products.
Binance Coin’s Price Performance
Ranked as the fifth coin by market capitalization, the Binance coin (BNB) has expressed huge potential since its launch in July 2017. But, recently the coin has seen a lot of red in its price movement depicting the prevalent struggle towards the end of March.
As of the time of writing, data on Coinmarketcap shows that BNB is priced at $603.43. This price level shows a 2.21% dip on the day. Additionally, BNB could dip further as depicted by the increasing trading volume which has pumped by 42.77% to $2.14 billion. A surge in trading volume with prices dipping usually shows that sellers have gained control hence risking further dip.
Nonetheless, a shift in the trajectory of BNB could occur. BNB enthusiasts remain optimistic that once VanEck files for a spot BNB ETF in the US, the move could serve as a price catalyst.
What’s to Follow for VanEck’s BNB ETF?
After registering the statutory trust for BNB ETF, VanEck could file with the SEC for the BNB ETF in the coming days. In fact, application for the proposed digital product could follow a similar path as the VanEck-filed Avalanche (AVAX) ETF. The firm registered the trust for the AVAX ETF on March 10 and then proceeded to make a S-1 registration statement with the SEC soon after. If VanEck follows a similar approach, the S-1 registration statement for the BNB ETF will follow soon.
According to a post on X by crypto analyst ‘Crypto Patel’ a move of this manner would mark “a big step toward bringing BNB to U.S. institutional investors!” A filing for a spot BNB ETF will mark the fifth ETF application by VanEck after Bitcoin, Ethereum, Solana and Avalanche. BNB enthusiasts will thus keep watch on further developments regarding VanEck’s Binance coin ETF.
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