VanEck and Grayscale filed new amendments for his or her proposed spot BNB exchange-traded funds, including contemporary consideration to the race for the following U.S. altcoin ETF.
Abstract
- VanEck and Grayscale filed new BNB ETF amendments as altcoin ETF competitors strikes sooner.
- Each BNB ETF proposals plan direct token publicity however maintain staking out at launch.
- Canary’s TRX submitting takes a special route by inserting staking contained in the fund construction.
The filings got here as asset managers proceed to check how far the SEC might transfer past Bitcoin and Ethereum merchandise.
VanEck filed Modification No. 5 for the VanEck BNB ETF on Might 15. The fund is anticipated to checklist on Nasdaq underneath the ticker VBNB, topic to approval. Its submitting says the belief would maintain BNB immediately and commerce underneath Nasdaq’s commodity-based belief share guidelines.
Grayscale retains BNB plan alive
Grayscale additionally filed an up to date registration assertion for its personal BNB ETF plan. The Grayscale BNB ETF was shaped as a Delaware statutory belief on Jan. 8, 2026, and its said function is to carry BNB tied to the BNB Good Chain.
The submitting says the belief would search to mirror the worth of BNB held by the fund, much less bills and liabilities. It additionally contains conditional language round staking, however that doesn’t imply staking will probably be energetic at launch. That half stays tied to regulatory and operational situations.
As well as, the BNB filings present warning round staking. Each proposals give attention to direct BNB publicity, whereas retaining staking outdoors the principle launch plan. That strategy displays ongoing questions round how staking rewards match inside regulated U.S. ETF merchandise.
Canary Capital is taking a special path with its Canary Staked TRX ETF. Its Might 15 modification describes a fund that will maintain TRX and embrace staking as a secondary funding goal. The submitting names the product as Canary Staked TRX ETF and lists it as Modification No. 1 to Kind S-1.
Altcoin ETF queue retains increasing
The filings come as the broader altcoin ETF queue grows. Crypto.information not too long ago reported that Grayscale added TRX, HYPE, TON, ENA, and different property to its Q2 2026 checklist of digital property underneath evaluate for future merchandise. The identical report mentioned Grayscale had additionally filed for a spot HYPE ETF.
One other crypto.information report mentioned analysts count on altcoin momentum to rely partly on ETF approvals, with a number of proposed merchandise nonetheless underneath SEC evaluate. The report mentioned proposals tied to SOL, XRP, HBAR, LTC, and TRX stay a part of the broader evaluate cycle.
