🚨 BNB ETF Alert: VanEck’s Got a New Crypto Crush! 🚨

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Oh joy, another ETF to add to your “I’m a functioning adult with a diversified portfolio” list! 😂 VanEck, the OG crypto investment product filer, has taken the first step to launch the world’s first-ever exchange-traded fund (ETF) that tracks the price of Binance Coin (BNB). Because, why not? 🤷‍♀️ It’s only the fifth largest cryptocurrency by market cap… no big deal.

According to Delaware public records (yay, transparency! 📚), VanEck filed to establish a trust entity for this BNB ETF on March 31. Now, we all know what this means: a thrilling wait for the U.S. Securities and Exchange Commission (SEC) to give it the thumbs up or down. 🤔 If approved, it’ll be the first BNB ETF in the U.S. (though, let’s be real, similar products are already chilling in global markets, like the 21Shares Binance BNB ETP).

So, how’s BNB reacting to this earth-shattering news? *dramatic pause* It’s down 2% in the past 24 hours, trading at $598. And over the past week? A whopping 5% decline. 📉 Yeah, the market is just that excited… 😴

VanEck: the OG crypto pioneer. Since 2017, they’ve been on a roll:

  • First to file for a Bitcoin (BTC) futures ETF (2017) – how quaint! 📆
  • Launched spot Bitcoin ETF (HODL) in January 2024 – because who doesn’t love a good HODL? 🤣
  • Introduced spot Ethereum (ETH) ETF (ETHV) later that year – diversity, folks! 🌈
  • Filed for the first-ever Solana (SOL) ETF in June 2024 – currently under SEC review, with a deadline of October 2025 (mark your calendars! 📅)
  • And, most recently, filed for an Avalanche (AVAX) ETF in the U.S. on March 10, with a decision expected by November 2025 (more calendar marking! 📆)

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2025-04-02 10:58