Vaneck has filed a paperwork to sell shares in the blockchain of an exchange-traded fund (ETF) Tracking Crypto Exchange Binance.
Asset manager presented one S -1 document On Monday, the US BNB, with the Securities and Exchange Commission (SEC) for BNB ETF, is the first potential issuer to file for such funds in the US BNB is the native token for the BNB series, which was launched by Binenns in 2017.
Investors in the fund – if approved – according to the filing, will also be able to earn other income along with stacking rewards and additional tokens. The SEC had a strong opposed to stacking under the former chair Gary Gensler, which is why many spots Etharium (ETH) ETFs do not include the feature.
However, it is expected that the new chairman Paul Atkins will be more keen on approval for future products. Last month, Grassscale filed a revised document with SEC, which to allow stating in its atherium ETF and hedge Fund Canary Capital recently filed a proposal to launch a tron ​​ETF with stacking capabilities.
These applications have not yet been taken by SEC, which has delayed several deadlines for Crypto ETFs in recent weeks.
Vanek will be expected to follow his initial filing with 19B-4 documents to make his intentions official and tie the regulator from a time limit.
The market capitalization of BNB is $ 83.9 billion and was trading at $ 596 at the time of publication, which was about 0.27% in the last 24 hours. This is the fifth largest cryptocurrency by the market cap.
