Vaneck has presented documents to sell shares in a background quoted by Exchange (ETF) that tracks the Crypto Exchange Binance block chain.
The asset manager presented an S-1 document to the stock and values commission (SEC) on Monday for an ETF BNB, becoming the first future issuer to request this fund in the US BNB. UU. It is the native token of the BNB chain, launched in 2017 by Binance.
According to the presentation, investors in the fund, if approved, could also obtain additional betting and tokens rewards, as well as other income. The SEC under former President Gary Gensler had a strong opposite position towards the rethinking, so several ETF of Ethereum (ETH) spot does not include the feature.
However, there is hope that the new President Paul Atkins will be more inclined to approve the function of future products. Grayscale, last month, presented a document amended before the SEC to allow the rethinking in its ETF of Ethereum and the Canary Capital Coverage Fund recently presented a proposal to launch an ETF tron with rethinking capabilities.
The SEC has not yet made a decision on these applications, which has delayed several deadlines for cryptographic ETFs in recent weeks.
Vaneck is expected to continue its initial presentation with a 19B-4 document to make its intentions work and link the regulator to a deadline.
BNB has a market capitalization of $ 83.9 billion and quoted at $ 596 at the time of publication, an increase of 0.27% in the last 24 hours. It is the fifth largest cryptocurrency for market capitalization.
