Vaneck Submits BNB Spot ETF S-1 Filing, Which Could Back BNB Staking

BlockBeats News, May 5th, according to the U.S. SEC website, VanEck has submitted the S-1 filing for a BNB ETF. The filing states that if this ETF is approved, any portion of BNB held in the trust can be used to earn staking rewards, earn additional BNB, or other income.

Previously, on April 2nd, VanEck had already registered a BNB ETF in Delaware.

BlockBeats Note: The S-1 filing is the first step for an ETF issuer to disclose detailed fund information to the SEC, indicating the issuer's plan to launch a new ETF product for trading on the open market.