VANECK Files to start First ETF Tracking Bank’s BNB

VANECK aims to launch the first American ETF institution that tracks BNB, the distinctive symbol used on the Binance -run network, the Crypto Exchange player, which in 2023 acknowledged as guilty of money laundering and other charges.

Its headquarters You areWhich runs 78 billion dollars through 69 boxes, foot With SEC 2 May to VNECK BNB ETF version. The company runs a pair of investment funds circulating in Spot Crypto, $ 1.4 billion Vaneck Bitcoin Etf (Hodl) And 82.4 million dollars VANECK ETAREUM ETF (ETHV).

This deposit comes amid a wave of requests for the so -called investment fund permits circulating in the alternative that immersed the Securities and Stock Exchange Committee since President Donald Trump has the constitutional oath with a promise to take a more lenient position towards encrypted currencies. More than 70 requests were submitted to SEC, at Eric Balchunas, a large ETF analyst in Bloomberg, Eric Balunas He saidCover the symbols ranging from XRP to HBAR to Sol.

BNB, the fifth largest encrypted currency with the market value of $ 84.4 billion, has volatility over the past year, and has currently increased by 1.7 % for that time period, according to what it said. Coinmarketcap Data.

The Binance Currency Link, the largest cryptocurrency in the world, is a threat to investors, according to the deposit, due to the settlements of 2023 with the American authorities to launder and other fees. Shanging Zhao founder, known as Chic Chiclter, spent four months in prison last year.

BNB was launched in 2017 through the so -called primary currency display. 21 Shares BNB ETF is trading in Europe.

Panel may have chosen submitting a file to create the box after Zhao said in an interview that he was advising governments to create encryption reserves that would include BNB, Balchunas wrote in X post.

“Perhaps this is what Jean Vennic caught and behaved,” he wrote on X, adding that the deposit was widely criticized because “Crypto on Crypto Crime is not a joke.”

The largest ETF for Vanck is 19.9 billion dollars VANECK Semiconductor ETF (SMH).

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