VanEck Seeks SEC Approval for First Spot BNB ETF in U.S., Capitalizing on Binance’s Market Dominance

In a landmark move for the cryptocurrency industry, investment firm VanEck has filed an application with the U.S. Securities and Exchange Commission (SEC) for the first-ever spot BNB exchange-traded fund (ETF). This development, announced on May 7, 2025, represents a significant milestone for Binance’s native token and reflects growing institutional demand for crypto-based financial products. The proposed ETF would offer investors direct exposure to BNB’s price movements while eliminating the technical challenges of self-custody, potentially opening the fourth-largest cryptocurrency to a much broader investor base.

VanEck Files for First-Ever Spot BNB ETF in U.S. Amid Surging Crypto ETF Demand

VanEck has submitted a groundbreaking application to the U.S. Securities and Exchange Commission for a spot BNB ETF, marking the first such proposal for Binance’s native token. The fund would provide direct exposure to BNB’s price movements without the complexities of self-custody.

BNB, the fourth-largest cryptocurrency by market capitalization, serves as the lifeblood of the Binance ecosystem—facilitating trading fee discounts, powering decentralized applications, and enabling commerce across the platform. This filing signals institutional recognition of BNB’s utility beyond speculative trading.

The move comes as traditional finance increasingly bridges the gap with digital assets, following the successful launches of spot Bitcoin and Ethereum ETFs. VanEck’s proposal tests regulatory appetite for altcoin investment vehicles in a market where Binance processes over $18 billion in daily volume.

Binance Coin Gains Momentum Amid Regulatory and Institutional Developments

Binance Coin (BNB) surged to $599.27, buoyed by Changpeng Zhao’s advocacy for Kyrgyz crypto adoption and VanEck’s landmark ETF filing. The 1.81% daily gain marks a reversal from April’s stagnation, though sustainability remains uncertain.

Market observers note the fifth-largest cryptocurrency’s atypical volatility this week. The dual catalysts—regulatory outreach and institutional validation—have reignited trader interest in BNB’s ecosystem potential.

Binance Bitcoin Reserves Drop by 51,000 BTC Amid Price Consolidation

Bitcoin’s recovery momentum has stalled as the cryptocurrency trades within a tight range between $93,000 and $97,000. The asset currently hovers at $94,305, marking a 1.3% dip over the past 24 hours. Behind the subdued price action, a notable shift in exchange reserves suggests changing investor behavior.

Binance, the world’s largest crypto exchange by volume, has seen its Bitcoin holdings decline sharply since mid-April. CryptoQuant data reveals over 51,000 BTC withdrawn from the platform’s wallets during this period. The outflow coincides with Bitcoin’s struggle to sustain upward movement after last month’s brief rally.

Bitcoin Bullish Signal: Investors Withdraw Big From Binance

Bitcoin’s exchange reserves on Binance have plummeted since mid-April, signaling potential bullish momentum for BTC. The Exchange Reserve metric, which tracks BTC held in centralized exchange wallets, shows a sharp decline—suggesting investors are moving coins off-platform. Large-scale withdrawals often precede price rallies, as reduced sell-side liquidity tightens supply.

Binance, the world’s largest crypto exchange by volume, saw its BTC reserves drop significantly according to CryptoQuant data. When exchange reserves rise, it typically indicates depositors preparing to sell. The inverse scenario now unfolding hints at accumulation behavior among large holders.

50% of Crypto Coins Fail: Lessons from Ghost Tokens in 2025

The cryptocurrency market continues to grapple with a staggering failure rate, as more than half of all listed coins have collapsed since 2021. A CoinGecko report reveals 3.7 million out of 7 million tracked cryptocurrencies now qualify as ’dead’—defined by near-zero trading volume, evaporated liquidity, and abandoned communities.

Binance and Dune Analytics executives emphasize this purge underscores the critical need for sustainable projects. ’Survival demands robust tokenomics and engaged communities,’ one analyst noted, as the industry braces for further attrition in 2025’s volatile landscape.

VanEck Files for First BNB ETF: Can It Break the SEC Deadlock?

VanEck, a prominent asset manager, has taken a bold step by filing an S-1 form with U.S. regulators to launch the nation’s first BNB exchange-traded fund. The proposed ETF aims to simplify investor access to Binance’s native token, BNB, through a traditional securities vehicle.

This move signals growing institutional interest in crypto assets beyond Bitcoin and Ethereum, despite ongoing regulatory uncertainty. The SEC’s stance on non-Bitcoin crypto ETFs remains restrictive, making VanEck’s filing a potential litmus test for broader altcoin acceptance.