VanEck files first U.S. BNB ETF—Unlocking regulated crypto exposure

AMB Crypto 8 months ago 270

VanEck filed for a BNB ($842.38) ETF in the U.S. and now awaits the SEC’s decision.
BSC’s DeFi could see growth if the ETF gets approval from the commission.

VanEck applied to introduce the first U.S.-based BNB ETF that tracked the Binance Coin [BNB]. Delaware registration launched what stood as a historic instrument to offer investors access to a regulated cryptocurrency without requiring asset management or ownership.

This filing, as of press time, was awaiting U.S. Securities and Exchange Commission (SEC) approval, which would pave the way for mainstream acceptance of more altcoins by traditional financial institutions.

This ETF allows investors to gain exposure to BNB and its ecosystem, including Binance Smart Chain (BSC) and decentralized applications, while offering a simple and secure investment approach.

By eliminating the complexities of wallet management and private key protection, the fund appeals to both institutional and retail investors. VanEck, known for its Bitcoin and Ethereum ETFs, is well-positioned to meet the growing demand for such products.

The approval of a BNB ETF could enhance market stability by increasing liquid...

BitRss shares this Content always with

License.

Read Entire Article

Screenshot generated in real time with SneakPeek Suite

Search Crypto News

The latest Top News, only from Leading exponents of BlockChain, Bitcoin, Stablecoins, Altcoins and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World. A point of Reference 24/7: everything you are looking for, in one place!

We have always tried to give priority to the News and the Sources; for this reason we have designed this New Version of BitRss.com with a clean and simple Style, usable by all Devices, fast and effective. Our exclusive Algorithm, in addition to filtering (a lot..) sponsored content of dubious interest, Lists the News, in Chronological order of Publication on the Internet, allowing our Users to Follow the Flow of Articles in a fast and intuitive way.

You can also check the Cryptocurrency Price in Real Time directly in the shared Articles (TAG's highlighted in green), which allows you to Learn more about the Market Trend of that particular Coin with many other related information. Each content includes always a direct Link and Real Time Screenshot of the Article's Source.