It seems like the crypto ETF buzz is far from over! Fresh off the heels of approvals for Bitcoin and Ethereum ETFs, we’ve seen applications roll in for ETFs tied to various other altcoins like XRP, Solana (SOL), and Litecoin (LTC). And now, the latest cryptocurrency stepping into the ETF ring is none other than Binance Coin (BNB), a major player in the altcoin world.

Word on the street is that VanEck, a well-known cryptocurrency fund manager, has just taken a significant step by registering a spot BNB ETF in Delaware, USA. This move could very well pave the way for the very first BNB ETF to launch in the United States!

Now, just to be clear, according to the official registration documents, VanEck has indeed registered a BNB ETF in Delaware. However, it’s important to remember that registration isn’t the same as getting the green light for launch.

Think of this type of registration as a preparatory move. It’s often seen as an indication that a fund manager is getting ready to formally submit an S-1 registration to the U.S. Securities and Exchange Commission (SEC) – the next crucial step in the ETF approval process.

Interestingly, VanEck has been active in this space recently. They previously registered an Avalanche (AVAX) ETF in Delaware just last month, on March 10th.

This news of a potential BNB ETF seems to have sparked some excitement in the market! BNB trading volume jumped by a significant 42%, pushing past $2.12 billion. As for the price, it’s currently hovering around $605, showing a slight dip of 1.5% over the last day.

*This is not investment advice.