VanEck, Grayscale file fresh BNB ETF amendments as race for next altcoin spot ETF accelerates
The Block
VanEck and Grayscale updated their BNB ETF filings with the SEC, signaling potential progress toward approval in the competitive U.S. crypto market.Summary
VanEck and Grayscale have submitted fresh amendments to their respective Form S-1 filings for spot BNB ETFs, indicating ongoing engagement with the SEC. Analysts suggest these parallel updates may point toward a near-term launch for a BNB-based product. While both firms currently exclude staking features to avoid regulatory complications, Canary Capital continues to push its separate proposal for a Staked TRX ETF, which explicitly includes staking as a secondary objective. The crypto ETF landscape remains highly active as firms compete to bring various altcoin-based products to market.
(Source：The Block)