Asset manager VanEck has recently filed for permission from US regulators to introduce an exchange-traded fund (ETF) that holds BNB, the native token of Binance’s BNB Chain, as per regulatory filings. The ETF aims to amass spot BNB tokens and potentially stake a portion of its assets through trusted staking providers, marking the first-ever BNB ETF filing in the United States. With BNB’s market capitalization standing at around $84 billion, BNB stakers currently earn a yield of approximately 2.5%. Binance’s BNB Chain ranks among the most favored smart contract networks, boasting a total value locked (TVL) of almost $6 billion, according to data from DefiLlama. The filing by VanEck comes shortly after Binance co-founder Changpeng “CZ” Zhao hinted at the anticipated spillover effect of Bitcoin ETF popularity on altcoins. Spot Bitcoin ETFs have seen over $40 billion in net inflows since launching in January 2024. VanEck’s recent filing is part of a wave of ETF submissions seeking to include altcoins. The US Securities and Exchange Commission (SEC) has received multiple cryptocurrency ETF proposals since President Donald Trump took office, encompassing ETF plans featuring tokens like Solana (SOL) and memecoins such as Dogecoin (DOGE). VanEck has also submitted filings for other cryptocurrency ETFs, including those holding Solana and Avalanche (AVAX). This move by VanEck aligns with the growing trend of integrating altcoins into ETF offerings, reflecting the evolving landscape of digital asset investment opportunities.