VanEck and Grayscale submitted BNB ETF amendments on the same day, signaling fresh momentum around exchange-traded fund filings tied to Binance Coin.
VanEck and Grayscale submitted BNB ETF amendments on the same day, signaling fresh momentum around exchange-traded fund filings tied to Binance Coin.
VanEck and Grayscale each submitted amended S-1 filings for proposed BNB exchange-traded funds on the same day, adding fresh momentum to a growing push for altcoin ETF products in the United States.
The amended registrations appeared on the SEC’s EDGAR database under separate filer records. VanEck’s S-1/A filing and Grayscale’s S-1/A filing both appeared as amended registration statements, indicating that each issuer updated previously submitted proposals for a BNB-linked ETF product.
An S-1/A is an amended registration statement filed with the Securities and Exchange Commission. In plain terms, it means the issuer revised its original ETF proposal, whether to address SEC feedback, update fund structure details, or refine disclosures.
Two major asset managers filing these amendments on the same day suggests an active back-and-forth with regulators. When multiple issuers update their filings in close succession, it often reflects a shared regulatory timeline or coordinated response to SEC staff comments.
The development also builds on a pattern of expanding crypto ETF activity. Earlier this year, VanEck and Grayscale filed fresh BNB ETF amendments as part of an ongoing effort to bring a Binance Coin fund to market. Meanwhile, traditional finance players have been increasing their crypto fund exposure, with Italy’s largest bank building crypto exposure exceeding $200 million through Bitcoin ETFs.
A BNB-linked ETF would give traditional investors regulated exposure to Binance Coin without holding the token directly. This matters because BNB sits outside the Bitcoin and Ethereum funds that have already reached the U.S. market.
Altcoin ETFs represent a distinct category. Unlike Bitcoin, which benefits from broad institutional familiarity, BNB is tied to the Binance ecosystem and BNB Chain’s decentralized finance infrastructure. An approved product would mark a significant expansion of which crypto assets are accessible through conventional brokerage accounts.
The competitive dynamic between VanEck and Grayscale adds pressure. Both firms have extensive track records in digital asset fund management, and Grayscale’s fund products have attracted institutional allocations across multiple tokens. Having two established issuers pursuing the same product category simultaneously signals genuine commercial interest, not a speculative one-off.
Amended S-1 filings typically trigger additional SEC review cycles. The Commission may issue further comment letters, request more disclosure changes, or move the filings closer to an effectiveness decision.
Key signals to monitor include any subsequent S-1/A filings from either issuer, public comment letters posted to EDGAR, and whether other asset managers enter the BNB ETF race. Each additional amendment round narrows the gap between proposal and potential approval or rejection.
For now, the simultaneous filings confirm that BNB ETF efforts remain active and that both VanEck and Grayscale are continuing to engage with the SEC’s review process rather than withdrawing or pausing their applications.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
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