VanEck Goes All-In on Binance: Files for First-Ever BNB ETF in U.S.

Wall Street’s latest crypto play smells suspiciously like desperation. VanEck just lobbed a regulatory Hail Mary—a spot BNB ETF filing that’d give U.S. investors direct exposure to Binance’s embattled native token.

The move comes as traditional finance scrambles to stay relevant in the defi era. VanEck’s previous Bitcoin ETF success now looks like beginner’s luck as they chase the next shiny object.

BNB’s 24% YTD surge isn’t fooling anyone—this is a bet on regulatory amnesia. The SEC’s ongoing lawsuit against Binance? Apparently just a minor footnote when there are fees to collect.

If approved, the ETF would mark a watershed moment: legitimizing an exchange token that powers everything from trading discounts to meme coin launches. Talk about putting Wall Street’s stamp of approval on the casino economy.