BNB ETF Filing Drops Days After Binance-VanEck CEO Meeting—$1,000 Target in Play?

Wall Street’s latest crypto gambit just got spicy. VanEck—fresh off cozying up to Binance’s CZ—filed for a spot BNB ETF, sending traders into a speculative frenzy. The timing? Suspiciously convenient.

Key details: The filing follows a private meeting between the two execs, though neither side disclosed agenda specifics. BNB immediately popped 8% on the rumor mill—now hovering near $600.

Market mechanics at work: ETF approval would funnel institutional cash into BNB’s relatively illiquid market. VanEck’s track record? 3/5 on crypto ETF approvals—better odds than most.

The cynical take: Another ’strategic partnership’ where Wall Street profits whether the ETF sinks or swims. Retail bags the risk either way.

Bottom line: This could be BNB’s ticket to escaping exchange token purgatory—or just another pump before regulators start asking uncomfortable questions.

VanEck Files for the First Spot BNB ETF in the United States

Four months after Donald Trump secured his second term, Binance is back in the spotlight.

On May 5, 2025, VanEck, a digital asset manager, filed for the first spot BNB ETF with the U.S. SEC, the same agency that penalized its CEO.

The impact was immediate: BNB reversed its May 4 losses, outperforming Bitcoin and Ethereum in 24 hours.

Crucially for traders, it appears poised to solidify its position above $600.

According to reports, VanEck, which already offers spot Bitcoin and Ethereum ETFs in the U.S., submitted an S-1 form to the SEC.

VanEck just filed for a spot BNB ETF pic.twitter.com/yOanuNMyjp

— Eric Balchunas (@EricBalchunas) May 5, 2025

This critical regulatory document outlines the ETF’s structure.

If approved, the spot BNB ETF would be offered to institutional clients in the U.S. The product was registered in Delaware on March 31, 2025.

Currently, there are no details on whether staking will be included, allowing VanEck to stake the underlying asset and earn yield. This feature is notably absent in the current U.S. spot Ethereum ETF, possibly explaining its lackluster performance.

Unless the SEC permits staking for Ethereum ETF issuers, it’s unlikely BNB will be treated differently.

Interestingly, VanEck filed the S-1 form just days after its CEO, Jan van Eck, met Changpeng Zhao at the TOKEN2049 crypto conference in Dubai.

“We are advising many countries (except in Europe) on how to set up a crypto reserve like in the US. Europe isn’t part of the discussion, it’s missing on the map ” – CZ on strategic reserve progress around world (of which he consults on) pic.twitter.com/IQAlxKj3md

— Eric Balchunas (@EricBalchunas) April 30, 2025

The timing has sparked speculation about potential agreements or mutual confidence in their projects.

Will BNBUSDT Spike to $1,000?

The approval process could take months or even years. However, if the SEC greenlights the ETF, backed directly by BNB, it would enable institutions to gain exposure to the coin legally.

In turn, the development could provide a strong foundation for BNBUSDT to surge past its 2024 highs, even spiking to $1,000.

On X, one analyst thinks the coin could surge to over $1,100.

$BNB long term targets

Looks like it’s breaking out of this trendline pic.twitter.com/ESUD2qGmHM

— TraderSZ (@trader1sz) May 5, 2025

Nonetheless, regulatory challenges remain. The SEC previously claimed that BNB and some other best cryptos to consider buying, like ADA and MANA, were unregistered securities.

Although these claims were later withdrawn, the SEC has not publicly classified BNB or Ethereum as commodities. As such, the lack of clarity could pose a roadblock, as regulatory certainty would ease the path to fast approval.

16 Next Crypto to Explode in 2025: Expert Cryptocurrency Predictions & Analysis

VanEck Files Spot BNB ETF After Binance CEO Meeting: Will BNB Hit $1,000?

• VanEck files an S-1 form with the SEC for the first U.S. spot BNB ETF 
• VanEck currently issues spot Ethereum and Bitcoin ETFs 
• Binance founder and VanEck CEO met in Dubai during TOKEN2049  
• Will BNBUSDT extend gains and rally to $1,000?