VanEck Files for Binance Coin (BNB) ETF With Staking Rewards Feature Pending Approval

VanEck, a prominent US asset manager, has filed with the SEC to launch an exchange-traded fund (ETF) based on Binance Coin (BNB). The proposed VanEck BNB ETF aims to track the price performance of BNB, minus operating expenses, and would allow for staking if regulatory approval is granted. The ETF would hold BNB tokens and base its value on a MarketVector index. Although there was little immediate price movement in BNB after the announcement, market interest remains, bolstered by a recent 13% increase in active BNB Chain addresses and an uptick in staking yields. Regulatory clearance for the ETF and for staking rewards is still pending, but the filing highlights rising institutional attention on major altcoins besides Bitcoin.