VanEck Pushes Forward with Ambitious Spot BNB ETF Plans
VanEck, the investment management firm, appears to be making moves to launch a spot BNB ETF in the United States. Currently, they are awaiting the results of related ETFs for Solana and Avalanche. Their recent proposal involves creating a trust in Delaware for the new BNB ETF, aiming to provide investors with a new avenue for engaging with BNB. This first-of-its-kind initiative could pave the way for increased institutional investment in BNB, reflecting growing interest in cryptocurrency ETFs within the financial sector.