Vaneck filed documents to sell shares in a bargain on the stock market (ETF) according to the Crypto Exchange Binance blockchain.
The asset manager submitted an S-1 document on Monday to the Securities and Exchange Commission (SEC) for an ETF BNB, becoming the first potential transmitter to deposit such a fund in the United States BNB is the native token of the BNB chain, launched in 2017 by Binance.
Fund investors – if they were approved – could also earn stimulation rewards and additional tokens as well as other income, depending on the file. The dry under the former president Gary Gensler had a strong opposite position towards the clears, which is why several ETFE ETHEREUM (ETH) ETF does not include functionality.
However, there is to hope that the new president Paul Atkins will be more inclined to approve the functionality of future products. Grayscale, last month, filed a document modified to the dry to allow its ETFs and hedge funds to stimulate Canary Capital Etéculative Funds recently filed a proposal to launch an ETF Tron with ignition capacities.
No decision has yet been made by the SEC on these applications, which has delayed several deadlines for the Crypto ETF in recent weeks.
Vaneck should follow his initial file with a 19B-4 document to make his intentions official and link the regulator to a deadline.
BNB has a market capitalization of $ 83.9 billion and was traded at $ 596 at the time of publication, up approximately 0.27% in the last 24 hours. This is the fifth largest cryptocurrency by market capitalization.
