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VanEck, one of the most well-known asset managers in the ETF sector, has officially filed with the Securities and Exchange Commission (SEC) the S-1 form to register the first U.S. ETF based on the BNB token, the native cryptocurrency of the BNB Chain, originally launched by Binance. The new instrument will be called VanEck BNB ETF and will offer direct exposure to the price of BNB, without the use of derivatives, leverage, or active strategies. The initiative represents a further step in the evolution of digital finance, introducing a regulated and easily accessible means to invest in an asset still absent in the landscape of crypto ETFs approved in the United States. What is the VanEck BNB ETF “`html The VanEck BNB ETF is an exchange-traded fund that aims to faithfully replicate the spot price of BNB, net of the fund’s operating expenses. The Trust will directly hold BNB tokens and will not use complex instruments such as swaps, futures, or options. The custody of the assets will be entrusted to a regulated custodian who will keep the private keys in both hot wallet and cold storage, applying advanced security measures, insurance, and asset segregation. “` The price of the fund will be calculated daily based on an index constructed and maintained by MarketVector Indexes GmbH, an affiliate of VanEck, which selects the five main BNB trading platforms based on a proprietary report that evaluates parameters such as regulatory compliance, security, data quality, and historical performance. The fund will be tradable on the main US stock exchanges (name and ticker yet to be defined) and will be aimed at both retail and institutional investors. “`html Mechanism of operation “` The ETF will operate according to an “in-kind” or “cash” structure through specialized operators called Authorized Participants (AP). These entities will…

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Filed under: News - @ May 5, 2025 3:21 pm