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Investment Manager Vaneck resorted to establishing a trust for the first BNB ETF in the USA.
General records from the official Delaware State website show that the company has recorded Vaneck BNB ETF on March 31 as part of the 10148820 filing.
Former Binance CEO Changpeng Zhao, ie CZ shared the news on an x post It’s early today.
Vaneck BNB ETF The first example of its species in the USA
The formation of a trust is one of the first steps taken by a company in the process of launching ETF. BNB ETF proposed by Vaneck is now turning to the US Securities and Stock Exchange Commission (SEC) for review.
If BNB ETF proposed by Vaneck will take the regulatory head from the SEC, it will mark the first fund of the 5th largest crypto Binance Coin by the market value in the United States.
However, it is not the first product for BNB. 21shares launched Binance BNB ETP outside the USA.
The price of the BNB withdrawn 24 hours despite the news of the rise. After decreasing more than 1% in the last 24 hours, the crypto is traded at $ 598,54 at 1:20 AM. CoinMarketcap Shows data.
BNB joins Vaneck’s growing independent crypto ETFS list
Vaneck was among the companies that started Spot Bitcoin And at the beginning of 2024, Ethereum ETFs in the USA. Following the success of these funds, the asset manager applied to a Solana (left) ETF in June last year and then an avalax ETF.
Since Donald Trump returned to the White House in January, several other asset executives applied to the US securities regulator and Altcoin ETF.
Analysts in February in question A Litecoin (LTC) ETF will be more likely to approve the ETF from other subcoin ETFs in 2025 and will bring the rates to 90%.
Our official lower money ETF approval rates are over. Litecoin 90% chance, then Doge, then Solana and XRP take the lead. We do it for only 33 action $ Ibit-Esque files. But Def Poss Futures or Cayman-Destanlı Type 40 moves are also experiencing things. https://t.co/jsannifjbu
– Eric Balchunas (@icalchunas) 10 February 2025
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