VanEck Files With SEC for First U.S. Binance Coin ETF; Bitwise Also Files for NEAR Spot ETF

VanEck has filed an S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) to launch the first U.S.-listed exchange-traded fund (ETF) directly tracking Binance Coin (BNB), the native token of the BNB Chain. The proposed fund aims to track BNB's price net of fees, using direct custody without derivatives, and may include staking features pending regulatory approval. This filing represents a potential milestone for Binance Coin by facilitating increased investor access through traditional financial markets. Separately, Bitwise has also filed an S-1 with the SEC to launch a spot ETF tracking the NEAR Protocol token, aiming to provide investors with exposure to NEAR's value minus expenses. Both filings signal growing institutional interest in cryptocurrency-linked ETFs in the U.S. market.This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io