Vaneck, a prominent company in the US Investment Management, is scheduled to launch the first exchange fund (ETF) in the United States.
On March 31, the company applied for the establishment of a confidence entity in Dilayer, according to No. 10148820, as confirmed by the general records of the state official Website. This development acts as a preliminary procedure before submitting an official request to the US Securities and Stock Exchange Committee (SEC).
If approved, the VANECK BNB ETF will become the first US -based ETF institution to track the price of Binance, the fifth largest encrypted currency by market value. While the BNB products, such as 21shares BNB ETP, are available in international markets, there is no similar ETF in the United States.
The former VANECK Bitcoin and Eter ETFS in January and July 2024, respectively, after obtaining SEC approval. Independent investment funds were also recorded in Solana and Avalanche in Dilayer.
Meanwhile, the latest deposit immediately did not immediately affect the performance of the BNB market. In fact, the cryptocurrency is traded by about $ 605, with a decrease of 1.36 % over the past 24 hours and a decrease of 4.3 % over the past week.
BNB has witnessed modest gains after President Donald Trump’s financial project announced the global Liberty Financial (WLFI), the US dollar -backed Stablecooin, which was built on the BNB series last week. It rose shortly to about $ 620 on March 25, followed by another upward trend above $ 640 after three days before declining again.
In relevant news, the founder of the Binance Changpeng ‘CZ’ Zhao announced that he donates 500 BNB to help the victims of the Myanmar and Thailand earthquake. The former CEO also sought suggestions about the most effective way to distribute BNB for relief efforts.
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