VanEck, an investment firm, has applied to establish a trust in Delaware for an exchange-traded fund (ETF) linked to the Binance-associated cryptocurrency BNB.
Public records on Delaware's official website reveal that VanEck registered a new entity, called VanEck BNB ETF, on March 31.
This entity, registered under 10148820, is recognized as a trust corporate service company in Delaware, suggesting a possible spot BNB ETF in the United States.
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Social media indicates that VanEck could be the first to propose a BNB ETF in the US, potentially marking an expansion of the BNB Chain blockchain within the traditional financial markets.