According to The Block, on Friday, May 15, VanEck filed its fifth amendment (S-1) to the registration statement for its BNB ETF, while Grayscale simultaneously filed its second amendment to the prospectus for the Grayscale BNB ETF. Bloomberg ETF analyst James Seyffart noted that the synchronized filings indicate both issuers are actively responding to SEC feedback, suggesting a potential near-term product launch. He further speculated that BNB could be the next cryptocurrency asset to receive SEC approval for a spot ETF listing in the U.S. Meanwhile, Canary Capital separately filed its first amendment to its staked TRX ETF proposal, formally incorporating Tron’s staking rewards as a secondary investment objective within a regulated framework.
VanEck and Grayscale Submit BNB ETF Revisions to SEC on the Same Day
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Summary
VanEck and Grayscale filed updates to their BNB ETF applications with the SEC on May 15, signaling progress in ETF-related developments. VanEck submitted its fifth amendment, while Grayscale filed its second. Analyst James Seyffart noted that the timing indicates active engagement with the SEC. Canary Capital also filed its first amendment for a TRX staking ETF, adding staking rewards as a secondary objective.
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