Vaneck has taken important steps on its behalf for the Binance Coin (BNB) ETF in the US. The company has registered an ASPT as True with Entity for Vaneck BNB ETF in Delaware, which is an important step before applying to SEC. This registration was done under the filing number 10148820 on 31 March and has now been paired with cryptocurrency like Bitcoin, Ether, Solana and avalanche, for which Vaneck has done Standalone ETF registration in the first delaware.
Vaneck’s BNB ETF, new twist in crypto investment
BNB related products such as 21Shares BNB ETP are available in the global market, there was no BNB ETF in the US yet, but now this step of Vaneck has brought a new turn. Vaneck, which is a prominent name in Crypto ETF Area and who has a management of about $ 115 billion assets, is constantly increasing its ETF portfolio.
After receiving approval from SEC, the company launched Spot Bitcoin and Etreum ETF last year. Recently, the company has applied for the first time in the US for Solana (SOL) and avalanche (Avax) ETF.
If approval is found, Vaneck BNB ETF directly BNB Worth Will track Currently, BNB is the fifth largest cryptocurrency according to its market cap and at this time its value is around $ 598, with no major fluctuations in the last 24 hours.
Vaneck’s Bitcoin Futures ETF Steps into Crypto
Vaneck took a major step in Crypto ETF by applying for Bitcoin Futures ETF in 2017. The company has made an important place in Crypto ETF Marketplace. Now, the company is taking another major step to expand the regulated crypto investment option in the US.
In June 2024 Vaneck applied for Solana ETFWhich was the first Solana ETF application in the US. Subsequently, Vaneck and other asset managers made the necessary extra filing to carry forward the SEC approval process.
Conclusion
Vaneck’s BNB ETF can open new opportunities for crypto investment in America. If it is approached, it will directly track BNB Worth, which will give investors a secure and regulated way of investing in Binance Coin. Vaneck’s Crypto ETF efforts have made him a major player in the field and this new step can make Crypto investment even more accessible.
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