VanEck’s Bold Move: The First Binance Coin ETF in the U.S. Is Here! 🚀💰

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In the dusty corridors of finance, where dreams and dollars dance a delicate waltz, VanEck has decided to throw its hat into the ring. With a flourish befitting a showman, they’ve registered a trust entity in the quaint state of Delaware, setting the stage for what they call the VanEck BNB ETF. Yes, folks, you heard it right—a Binance Coin ETF, right here in the good ol’ U.S. of A. Who knew the land of opportunity would also be the land of cryptocurrency? 🤷‍♂️

BNB ETF filing by VanEck

— CZ 🔶 BNB (@cz_binance) April 2, 2025

On the last day of March, under the watchful eyes of filing number 10148820, BNB has joined the ranks of Bitcoin, Ether, Solana, and Avalanche. It’s like a high school reunion for cryptocurrencies, and BNB is strutting in with a swagger. While the world has been enjoying BNB-related products like the 21Shares Binance BNB ETP, the U.S. has been left out in the cold—until now, that is. 🥶

VanEck, a titan in the crypto ETF arena with a staggering $115 billion in assets, has been on a roll. After charming the SEC with their spot Bitcoin and Ethereum ETFs last year, they’ve recently decided to add Solana (SOL) and Avalanche (AVAX) to their growing family. It’s like they’re collecting Pokémon, but instead of cute creatures, they’re gathering cryptocurrencies. Gotta catch ’em all! 🎮

If the SEC gives a nod of approval, the VanEck BNB ETF will track the price of Binance Coin like a loyal dog follows its master. As of now, BNB sits comfortably as the fifth-largest cryptocurrency, trading around $598, with about as much excitement as a Sunday afternoon nap. According to CoinMarketCap, it hasn’t budged much in the last 24 hours—talk about a thrill ride! 🎢

Since its audacious Bitcoin futures ETF filing back in 2017, VanEck has been shaking things up like a maraca at a fiesta. Now, they’re back at it, swinging for the fences to expand the horizons of regulated crypto investments in the U.S. Who knows? Maybe one day, we’ll all be sipping margaritas while our investments do the cha-cha! 🍹💃

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2025-04-02 08:37