VanEck Pushes for First US BNB ETF With Innovative Staking Mechanism
The post VanEck Pushes for First US BNB ETF With Innovative Staking Mechanism appeared on BitcoinEthereumNews.com. VanEck’s filing for a BNB-linked ETF marks a pioneering move, aiming to simplify access to Binance’s native token. This bold step strengthens VanEck’s crypto footprint, adding BNB alongside Bitcoin, Ether, Solana, and Avalanche in its ETF lineup. VanEck, a leading U.S. investment management company, has submitted the filing to the U.S. Securities and Exchange Commission (SEC) to launch the new exchange-traded fund (ETF) that will be linked to the Binance native token BNB. As the company becomes the first to track the BNB token, it will set the stage for the others to follow a similar move. The ETF, if approved, will give investors the advantage of holding BNB through tokens physically, bringing about the simplest way to get the world’s biggest digital assets. It is worth mentioning that the ticker symbol of the fund is still to be confirmed. The latest filing comes after VanEck’s earlier registration of a trusted entity in Delaware last month. The VanEck proposal provides an opportunity to allow staking. Thus, it will enable investors to carry out the tokens to gain additional BNB rewards as staking tokens, pending recognition from the exchange that accepts this kind of transaction. The document also says that staking would be implemented through selected service providers, maybe including the VanEck subsidiary. 5th Crypto ETF Filing Puts VanEck Ahead of Rivals The planned BNB ETF is not VanEck’s first venture into the crypto space. The firm has already made waves by launching spot Bitcoin and Ethereum ETFs last year after receiving the green light from the SEC. VanEck was also among the pioneers in 2017 to propose a Bitcoin futures ETF, demonstrating its longstanding commitment to the digital asset market. With the current filing, BNB becomes the fifth crypto asset—joining Bitcoin, Ether, Solana, and Avalanche—for which VanEck has initiated a…
The post VanEck Pushes for First US BNB ETF With Innovative Staking Mechanism appeared on BitcoinEthereumNews.com.
VanEck’s filing for a BNB-linked ETF marks a pioneering move, aiming to simplify access to Binance’s native token. This bold step strengthens VanEck’s crypto footprint, adding BNB alongside Bitcoin, Ether, Solana, and Avalanche in its ETF lineup. VanEck, a leading U.S. investment management company, has submitted the filing to the U.S. Securities and Exchange Commission (SEC) to launch the new exchange-traded fund (ETF) that will be linked to the Binance native token BNB. As the company becomes the first to track the BNB token, it will set the stage for the others to follow a similar move. The ETF, if approved, will give investors the advantage of holding BNB through tokens physically, bringing about the simplest way to get the world’s biggest digital assets. It is worth mentioning that the ticker symbol of the fund is still to be confirmed. The latest filing comes after VanEck’s earlier registration of a trusted entity in Delaware last month. The VanEck proposal provides an opportunity to allow staking. Thus, it will enable investors to carry out the tokens to gain additional BNB rewards as staking tokens, pending recognition from the exchange that accepts this kind of transaction. The document also says that staking would be implemented through selected service providers, maybe including the VanEck subsidiary. 5th Crypto ETF Filing Puts VanEck Ahead of Rivals The planned BNB ETF is not VanEck’s first venture into the crypto space. The firm has already made waves by launching spot Bitcoin and Ethereum ETFs last year after receiving the green light from the SEC. VanEck was also among the pioneers in 2017 to propose a Bitcoin futures ETF, demonstrating its longstanding commitment to the digital asset market. With the current filing, BNB becomes the fifth crypto asset—joining Bitcoin, Ether, Solana, and Avalanche—for which VanEck has initiated a…
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