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Bitcoin

Vaneck files for BNB ETF, first in us

The Director of Asset Vanck asked the American organizers to authorize the inclusion of a BNB Stock Exchange (ETF), the original symbol of the BnB’s Binance series, according to the review of organizational deposits.

ETF is designed to assemble the distinctive symbols BNB (BNB) and “May, from time to time, participate in part of [fund’s] Assets through one or more reliable service providers, ” According to To the S-1 bulletin from ETF. Signs of deposit the first time that the asset manager has submitted to obtain ETF BNB in ​​the United States.

Distinguished code BNB has a market value of about 84 billion dollars, according to Data From Coinmarketcap. As of May 5, BNB makers earn a return of about 2.5 %, according to Data from Stakingrewards.com.

Binance is one of the most popular smart contract networks, with a total value of the TVL (TVL) is about 6 billion dollars, according to it. Data From Devilia.

The BNB series is among the most popular Blockchain networks. source: Devilia

Related to: The co -founder of Binance Cz Bitcoin, BNB for Kyrgyzstan Reserves

The “indirect” Bitcoin effect?

This deposit comes days after the co -founder of the Binance Changpeng “CZ” Zhao, and according to what was reported, he said he is expected to be popular with the investment funds circulating in Bitcoin (BTC) in the end “leakage” to altcoins.

“This session has so far been the circulating investment fund It is said He said during the distinguished symbol conference in Dubai.

Instant Bitcoin Investment Funds attracted that net flows are more than $ 40 billion since its launch in January 2024, According to To data from Farside Investors.

Current currencies, bitcoin, investments, markets, United States, ethereum etf, bitcoin etf, etf
Cumulative flows in the BTC ETFS spot. source: Farside investors

Faneck’s Fiding is the latest in a wave of deposits that seeks to include the circulating investment funds carrying Altcoins.

The US Securities and Stock Exchange Committee (SEC) has approved dozens of Etf Cryptocurrency since US President Donald Trump took office on January 20.

They include plans for ETFS that carry local -layer local codes such as Solana (SOL) as well as Memecoins such as Dogecoin (DOGE).

VANECK has applied to study the investment funds circulating in other cryptocurrencies over the past few months, including money that is being held Solana and Avalanche (Avax).

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