Asset manager Vaneck asked us regulators for permission to list an exchange that had been exchanged by the BNB’s BNB -holding BNB, the BNB chain native token of BNB, regulatory shows.
ETF is designed to accumulate spot BNB (Bnb) Tokens and “May, sometimes, stake a portion of (funds) possessions by one or more trustworthy staking providers,” According to In the prospectus of S-1 of ETF. File marked the first time an asset manager filed for a BNB ETF in the United States.
The BNB token has a market capitalization of more than $ 84 billion, according to Data From CoinMarketCap. Until May 5, BNB stakers earn a yield of approximately 2.5%, according to Data From StakingRewards.com.
BNB’s BNB chain is among the most popular intelligent networks of the intelligent contract, with a total amount locked (TVL) of nearly $ 6 billion, according to Data From Defillrama.
Related: Binance co-founder CZ suggests Bitcoin, BNB for Kyrgyzstan reserves
The effect of Bitcoin’s “Spillover”?
The filing will come days after Binance co-founder Changpeng “CZ” Zhao has reported that he said he expects the popularity of Bitcoin (Btc) ETFs eventually “emerged” to the altcoins.
“This cycle to this day is the ETFs. And almost all bitcoin. Ether has not had more success but bitcoin’s success will be poured into others,” CZ Reported Said during the token2049 conference in Dubai.
Bitcoin ETF spots have attracted net inflows of over $ 40 billion since launching in January 2024, According to to data from farside investor.
Vaneck’s filing is the latest in a fuzzy filing that seeks to list ETFs holding altcoins.
The US Securities and Exchange Commission (SEC) has identified the twelve -two cryptocurrency ETF measures since US president Donald Trump was in charge of January 20.
They include plans for ETFs holding native layer-1 tokens such as Solana (Sol) as well as memecoins such as Dogecoin (Doge).
Vaneck has filed to list other cryptocurrency ETFs over the past few months, including funds holding Solana and Avalanche (Avax).
Magazine: ZK-Proof carries wise contracts with Bitcoin-Bitcoinos and Starknet
