VanEck is back in the ETF game — and this time, it’s going after BNB.

The New York-based investment firm has filed paperwork to create a trust in Delaware as a first step toward launching a BNB exchange-traded fund (ETF) in the U.S. If approved by regulators, this would be the first BNB ETF available on a U.S. exchange, giving investors direct exposure to Binance’s native token through a traditional financial product.

The move follows VanEck’s recent success with its Bitcoin and Ethereum ETFs, which rolled out in early and mid-2024. Building on that momentum, the firm is clearly expanding its crypto ETF lineup — with filings already in for Solana (SOL) and Avalanche (AVAX) as well.

At the time of the filing, BNB was trading around $603, holding steady despite the buzz. That could change quickly, though, if the ETF gets greenlit by the SEC and draws in fresh institutional interest.

While it’s still early in the process, VanEck’s latest push shows growing confidence that crypto is here to stay — and that traditional markets want more ways to get in on the action.