Latest filings with the SEC counsel the Binance Coin (BNB) often is the subsequent altcoin to get a spot ETF within the US. Specifically, asset administration corporations VanEck and Grayscale have repeatedly amended their S-1 registration kinds, reflecting regulatory steering and growing the probability of a launch.
VanEck Points fifth BNB ETF Revision As ETF Race Heats Up
In a current publish on X, Bloomberg analyst James Seyffart shared that VanEck had filed Modification No. 5 to the S-1 for its VanEck BNB ETF, seeking to launch beneath the ticker VBNB. The unique utility for this ETF got here in Could 2025, amid a interval of filings and anticipated approvals for a number of altcoin spot ETFs, in keeping with US President Donald Trump’s pro-crypto agenda.
Since his inauguration in January 2025, the SEC has permitted spot ETFs tied to XRP, Solana (SOL), Dogecoin (DOGE), Chainlink (LINK), and Litecoin (LTC), amongst different cryptocurrencies. Alongside VanEck, Grayscale has additionally issued a second modification to its Grayscale BNB ETF, because the asset supervisor seems to be so as to add one other product to its present nine-spot ETFs. Grayscale issued its first modification in April 2025, following discussions of its preliminary filings in January 2025.
Yup. Positively motion on the SEC on the subject of a possible binancecoin:native ETF launch. @vaneck_us simply filed an amended prospectus for his or her binancecoin:native ETF. That is their FIFTH modification. Sure fifth. https://t.co/jdVjPZ3f72 pic.twitter.com/LvAhNZ7hkf
— James Seyffart (@JSeyff) May 15, 2026
Usually, Subsequent amendments to ETF filings point out ongoing dialogue between candidates and the SEC. These modifications characterize modifications requested by the regulator by formal employees remark letters, masking points corresponding to redemption mechanics, custody preparations, staking disclosures, charge buildings, and investor safety issues.
With each revisions from VanEck and Grayscale coming on the similar time, it’s probably that each asset managers are responding to comparable suggestions from the SEC, maybe with near-term approval plans. Following these developments, Seyffart speculates that BNB may emerge as the subsequent cryptocurrency to get a US spot ETF.
The Subsequent Altcoin Spot ETF
Alongside Binance Coin, different cryptocurrencies with a potential Spot ETF launch in view embody SEI (SEI), Cardano (ADA), and Tron (TRX). Notably, Canary Capital had additionally not too long ago filed Modification No. 1 to its S-1 for its Canary Staked TRX ETF. The ETF construction stays a essential technique of driving institutional adoption of digital cryptocurrencies by eliminating custody complexity and aligning with present compliance frameworks.
Since their launch in 2024, Spot Bitcoin ETFs have emerged as among the many best-performing ETFs globally, with complete cumulative internet inflows. And the subsequent asset is $ 58.34 billion, with internet property of $104.29 billion. For property corresponding to BNB, ADA, and SEI, an identical dynamic may repeat, naturally at a smaller scale, given their relative market capitalizations.
Featured picture from iStock, chart from Tradingview
Editorial Course of for bitcoinist is centered on delivering completely researched, correct, and unbiased content material. We uphold strict sourcing requirements, and every web page undergoes diligent assessment by our crew of high know-how specialists and seasoned editors. This course of ensures the integrity, relevance, and worth of our content material for our readers.
