Binance News: VanEck Files for First US BNB ETF Approval

In a significant move for the cryptocurrency industry, VanEck, a leading investment management firm, has taken the first step towards launching a Binance Coin (BNB) exchange-traded fund (ETF) in the United States.

VanEck Seeks SEC Approval for US’s First BNB ETF

VanEck, a prominent American investment management firm, has filed to establish a trust entity in Delaware as a preliminary measure before submitting a formal application to the US Securities and Exchange Commission (SEC) for the first Binance Coin (BNB) exchange-traded fund (ETF) in the United States. If approved, the VanEck BNB ETF would track the price of BNB, the fifth-largest cryptocurrency by market capitalization. While BNB-related products are available internationally, no similar ETF exists in the US. VanEck previously introduced spot Bitcoin (BTC) and Ether (ETH) ETFs in January.

NEO Slumps 35%: Foundation Denies Sell-off, Probes Binance Transfers

The NEO Foundation has denied involvement in recent token sales after NEO’s price plummeted by 35% between March 25th and April 1st, 2025. An internal investigation revealed that a long-term holder sold 9.25 million NEO tokens worth $60 million through Binance. This has led some investors to accuse the foundation of potential insider trading and price manipulation. However, the foundation has refuted these claims through an official statement shared on X (formerly Twitter) Neo Smart Economy.