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Grayscale, VanEck Amend BNB ETF Applications

Cointelegraph
Grayscale and VanEck have submitted amended S-1 filings for spot BNB ETFs, signaling progress toward potential SEC approval in the United States.

Summary

Asset managers Grayscale and VanEck have submitted updated S-1 registration statements for their proposed spot BNB exchange-traded funds. These filings, which outline fund strategies, management fees, and risk disclosures, represent a key step in the SEC's approval process. Analysts suggest these amendments likely reflect feedback from regulators, potentially positioning BNB as the next cryptocurrency to receive a spot ETF in the U.S. market, joining others like Solana and XRP.

(Source:Cointelegraph)