Asset manager Vanoc has asked American regulators to allow an exchange-traded fund (ETF) holding BNB, Binen’s BNB Chen, the original token of the regulatory filing show.
The ETF is designed to deposit the spot BNB (BNB) tokens and “time -time, one or more can place a portion of a part of (fund) assets through one or more reliable staking providers,” According For S-1 prospectus of ETF. The filing has first filed an asset manager for BNB ETF in the United States.
According to the market capitalization of BNB token is about $ 84 billion data From coinmarketcap. By May 5, according to BNB stakes, we earn a yield of about 2.5%. data From Staykrewards.com,
The BNB series of Binance is one of the most popular smart contract networks, with a total value lock (TVL) approximately $ 6 billion, data From Difilama.
Connected: Betcoin, BNB has been proposed by CZ, co-founder of Benance
Bitcoin’s “Spillover” effect?
Benance co-founder Changpeng “CZ” allegedly allegedly stated that he expects the popularity of Bitcoin (BTC) ETF, eventually expecting “spreading” into the altcoin.
“This cycle has been ETF so far. And it is almost all bitcoins. Ether has not achieved that much success, but the success of bitcoin will eventually end others,” CZ Allegedly Said during the Tokeen2049 conference in Dubai.
Spot bitcoin ETF attracted a net flow of more than $ 40 billion since the launch of 2024 in January 2024, According For data from Farside investors.
Vaneck’s filing is the newest of filing the filing to list ETFs holding altcoins.
The US Securities and Exchange Commission (SEC) has accepted dozens of Cryptocurrency ETF proposals since US President Donald Trump took over on 20 January.
They include plans for the native layer -1 tokens like Solna (Sol) as well as dogcoin (DOGE) for ETFs.
Vaikaine has filed to list the other Cryptocurrency ETFs in the last few months, including Solana and Avalance (Awaax) holding funds.
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