VanEck Bets on Binance Coin with ETF Filing—Staking Rewards Included
Wall Street’s crypto pivot accelerates as VanEck files for first-ever BNB ETF—complete with staking yield mechanics. The move signals institutional confidence in Binance’s native token despite regulatory headwinds.
Why it matters: ETF approval could funnel billions into BNB, currently trading 60% below its ATH. VanEck’s staking play also pressures competitors to offer yield-bearing products—or get left behind.
The fine print: SEC scrutiny looms. Binance’s ongoing legal battles may delay approval, but the filing itself proves TradFi’s hunger for crypto exposure. As one analyst quipped: ’They’ll tokenize anything that isn’t bolted down—including the bolts.’