VanEck Registers for BNB-Based ETF Increasing Stakes in Altcoin ETF Market
- VanEck announces newest ETF registration for a BNB-based product.
- The firm has filed for several altcoin-based ETP products over the past few months.
In the last 24 hours, the crypto community rejoiced in a brief recovery in the market. Bitcoin is currently docked at the $84K level after testing a high of $85,466. Following this the altcoin sector also recovered modestly, sparking hope among investors.
Meanwhile, the ETF market is seeing increasing activity as we enter Q2 2025. Recently, prominent ETP issuer VanEck announced registering for a new ETF product. The firm has submitted filings for a BNB-registered ETF with the state of Delaware.
Notably, the firm has been expanding its range of ETP products in the past few months with new altcoin ETF filings. Recently, in March, it filed for a spot Avalanche ETF with the SEC. With this filing, the firm becomes the first to register for a US-based BNB ETF.
Additionally, the recent BNB product is its fifth filing with the State of Delaware. While issuing Bitcoin and Ether ETFs, VanEck has also registered for Solana and the abovementioned Avalanche ETF.
What Other Issuers Accompany VanEck in the ETF Market Boom?
Q1 2025 saw multiple ETF filings for various altcoins. Major altcoins such as Cardano, Solana, Litecoin, and SUI have drawn capital management firms’ attention. In the past week, SUI showed upward movements as Canary Capital filed for an ETF.
Moreover, memecoins such as DOGE also saw institutions’ interest in an ETP product. Additionally, earlier regulatory processes for ETF approvals were excruciating, however, recent shifts hint at a change.
Additionally, other issuers apart from VanEck include Grayscale, Franklin Templeton, and Bitwise. While these firms were existing players, the recent interest has also seen an influx of new capital management firms. For instance, Tuttle Capital began filing for memecoin ETFs in January recently.
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VanEck Registers for BNB-Based ETF Increasing Stakes in Altcoin ETF Market
- VanEck announces newest ETF registration for a BNB-based product.
- The firm has filed for several altcoin-based ETP products over the past few months.
In the last 24 hours, the crypto community rejoiced in a brief recovery in the market. Bitcoin is currently docked at the $84K level after testing a high of $85,466. Following this the altcoin sector also recovered modestly, sparking hope among investors.
Meanwhile, the ETF market is seeing increasing activity as we enter Q2 2025. Recently, prominent ETP issuer VanEck announced registering for a new ETF product. The firm has submitted filings for a BNB-registered ETF with the state of Delaware.
Notably, the firm has been expanding its range of ETP products in the past few months with new altcoin ETF filings. Recently, in March, it filed for a spot Avalanche ETF with the SEC. With this filing, the firm becomes the first to register for a US-based BNB ETF.
Additionally, the recent BNB product is its fifth filing with the State of Delaware. While issuing Bitcoin and Ether ETFs, VanEck has also registered for Solana and the abovementioned Avalanche ETF.
What Other Issuers Accompany VanEck in the ETF Market Boom?
Q1 2025 saw multiple ETF filings for various altcoins. Major altcoins such as Cardano, Solana, Litecoin, and SUI have drawn capital management firms’ attention. In the past week, SUI showed upward movements as Canary Capital filed for an ETF.
Moreover, memecoins such as DOGE also saw institutions’ interest in an ETP product. Additionally, earlier regulatory processes for ETF approvals were excruciating, however, recent shifts hint at a change.
Additionally, other issuers apart from VanEck include Grayscale, Franklin Templeton, and Bitwise. While these firms were existing players, the recent interest has also seen an influx of new capital management firms. For instance, Tuttle Capital began filing for memecoin ETFs in January recently.
Highlighted Crypto News Today:
USDC Issuer Circle Files for IPO After Recording Revenue Growth
Read More
PayPal US Quietly Lists SOL and LINK But You Can’t Transfer Them Yet