VanEck Goes All-In: Files for First-Ever BNB ETF in US Crypto Market Gamble

Wall Street’s latest crypto play? A bet on Binance’s embattled token. VanEck just dropped a bombshell SEC filing for a BNB exchange-traded fund—because nothing says ’regulatory confidence’ like hitching your wagon to a coin with a $4.3B legal settlement hanging over it.

The move shocks analysts who expected Bitcoin or Ethereum ETFs to dominate 2025’s crypto investment products. Instead, VanEck’s targeting the controversial altcoin that powers Binance’s ecosystem—a chain that’s survived more crackdowns than a speakeasy during prohibition.

If approved, the ETF would give US investors their first regulated exposure to BNB without the hassle of crypto exchanges. Just don’t ask about that time the SEC called it an unregistered security...

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