Binance News: VanEck Files for First-Ever BNB ETF in the U.S.

In a significant development for the cryptocurrency market, investment manager VanEck has filed for a Binance Coin (BNB) exchange-traded fund (ETF) in the United States. This marks the first attempt to launch a BNB ETF in the U.S. market, potentially paving the way for increased institutional adoption of the digital asset.

VanEck Files for First BNB ETF in the U.S.!

VanEck has registered a Binance Coin (BNB) exchange-traded fund (ETF) in Delaware, marking its fifth crypto asset ETF filing in the state. This is the first attempt to launch a BNB ETF in the U.S. market. With this move, BNB joins Bitcoin, Ether, Solana, and Avalanche as cryptocurrencies with standalone ETF registrations by VanEck. As institutional interest in crypto ETFs grows, the market waits to see if BNB will be the next token to gain regulatory approval.

Binance April Fools’ Scandal Sparks Market Chaos

The impact of the April Fool’s Binance scandal has continued to unfold, causing market confusion and heavy liquidations. In the past 24 hours, Act I The AI Prophecy (ACT) price dropped over 63 percent to trade at about $0.06987. Several other Binance-listed tokens, including DEXE, KAVA, HIPPO, TST, LUMIA, and QUICK, recorded more than 50 percent decline. It was revealed that Binance lowered the leverage position for the involved tokens, leading to liquidations for market makers holding positions exceeding the new limits.