VanEck officially files for first Binance Coin BNB ETF in US, eyes staking feature

By: bitcoin ethereum news|2025/05/05 19:00:07
0
Share
copy
Key Takeaways VanEck filed for the first US ETF tracking BNB, Binance’s native token. The ETF aims to reflect BNB’s price performance and is pending SEC approval. American investment manager VanEck has officially filed a registration statement with the US SEC to launch the VanEck BNB ETF, an exchange-traded product designed to directly track the price of BNB, the native asset of the BNB Chain. Filed on May 2 under Form S-1, the VanEck BNB ETF would be the first US-registered ETF to offer exposure to BNB via direct token holdings, should it receive regulatory approval. The fund’s ticker symbol hasn’t been disclosed. The preliminary prospectus also indicates that, pending regulatory approval from the listing exchange, the ETF may feature staking to allow investors to earn additional BNB rewards. If permitted, the ETF could generate passive income from staking through vetted providers, including potentially affiliates of VanEck. The SEC filing came after VanEck registered a trust entity in Delaware for the prospective BNB ETF last month, aiming for it to be the inaugural ETF to track BNB in the US. It adds another milestone to VanEck’s growing roster of crypto investment products. With this move, BNB becomes the fifth crypto assets—after Bitcoin, Ether, Solana, and Avalanche—to have a standalone SEC registration initiated by VanEck. VanEck has steadily built a reputation as a pioneer in the digital asset ETF space. The firm launched its spot Bitcoin and Ethereum ETFs last year, following long-awaited approvals from the US Securities and Exchange Commission (SEC), and was among the first to propose a futures-based Bitcoin ETF back in 2017. BNB, the utility token of the BNB Chain ecosystem and currently the fifth-largest crypto asset by market capitalization, is trading around $608, with minimal price movement in the past 24 hours, according to CoinMarketCap. The token powers transactions and smart contracts on BNB Chain and is used in a range of applications across the Binance ecosystem. Source: https://cryptobriefing.com/vaneck-binance-coin-etf-us/

You may also like

March 4th Market Key Intelligence, How Much Did You Miss?

1. On-chain Flows: $39.6M USD inflow to Hyperliquid today; $29.7M USD outflow from Base 2. Largest Price Swings: $EDGE, $POWER 3. Top News: Altman defends Pentagon deal at all-hands, calls backlash "really painful"; OpenAI also seeking NATO contracts

Taking Stock of Crypto's Washington Power Players: Who is Advocating for US Crypto Regulation?

These institutions have jointly defined the industry's underlying values, marking the U.S. crypto industry's shift to a "professionalized, ecological, and refined" era of policy gamesmanship.

DDC Enterprise Limited Announces 2025 Unaudited Preliminary Financial Performance: Record Revenue Achieved, Bitcoin Treasury Grows to 2183 Coins

On March 4, 2026, DDC Enterprise Limited (NYSE American: DDC) today announced preliminary, unaudited full-year financial performance for the year ended December 31, 2025. The company expects to achieve record revenue and record positive adjusted EBITDA, primarily driven by continued growth in its core consumer food business and overall margin improvement. The final audited financial report is expected to be released in mid-April 2026.


2025 Full-Year Financial Highlights


Revenue: Expected to be between $39 million and $41 million, reaching a new company high.


Organic Growth: Excluding the impact of the company's strategic contraction of its U.S. operations, core revenue is expected to grow 11% to 17% year over year.


Gross Profit Margin: Expected to be between 28% and 30%, reflecting continued operational efficiency improvements.


Adjusted EBITDA: The company expects to achieve a positive full-year result in 2025, a significant improvement from a $3.5 million loss in 2024, mainly due to rigorous cost controls and a higher-margin sales mix.


Core Consumer Food Business Performance


In 2025, DDC's core consumer food business maintained strong operational performance.


The company also disclosed Core Consumer Food Business Adjusted EBITDA, a metric that further excludes costs related to its Bitcoin reserve strategy and non-cash fair value adjustments related to its Bitcoin holdings from adjusted EBITDA to more accurately reflect the core business performance.


In 2025, Core Consumer Food Business Adjusted EBITDA is expected to be between $5.5 million and $6 million.


Bitcoin Reserve Update


In the first half of 2025, DDC initiated a long-term Bitcoin accumulation strategy, holding Bitcoin as its primary reserve asset.


As of December 31, 2025: The company holds 1,183 BTC.


As of February 28, 2026: Holdings increased to 2,118 BTC


Today's additional purchase of 65 BTC brings the company's total holdings to 2,183 BTC


DDC Founder, Chairman, and CEO Norma Chu stated, "We are proud to have closed 2025 with record revenue and positive adjusted EBITDA, demonstrating the steady growth of the company's consumer food business and the ongoing improvement in profitability. We are building a disciplined, growth-oriented food platform and strategically allocating capital to Bitcoin assets with a long-term view, aligning with our core beliefs. We believe that this dual-track model of 'Steady Consumer Business + Strategic Bitcoin Reserve' will help DDC create lasting long-term value for shareholders."


Adjusted EBITDA Definition
For the full year 2025, the company defines "Adjusted EBITDA" (a non-GAAP financial measure) as: Net income / (loss) excluding the following items:· Interest expense· Taxes· Foreign exchange gains/losses· Long-lived asset impairment· Depreciation and amortization· Non-cash fair value changes related to financial instruments (including Bitcoin holdings)· Stock-based compensation


About DDC Enterprise Limited


DDC Enterprise Limited (NYSE: DDC) is actively implementing its corporate Bitcoin Treasury strategy while continuing to strengthen its position as a leading global Asian food platform.


The company has established Bitcoin as a core reserve asset and is executing a prudent, long-oriented accumulation strategy. While expanding its portfolio of food brands, DDC is gradually becoming one of the public company pioneers in integrating Bitcoin into its corporate financial architecture.


Uncovering YZi Labs 229 Investment: Over 18% of the portfolio is already inactive, with an average project transparency score of 78

In terms of strategic direction, YZi Labs has begun to extend into areas such as AI and stablecoins, but overall it is still in the layout and validation stage.

The business of crypto VC is becoming promising

Homogenized industries are ultimately fragile; only when different species can emerge does the market truly come alive.

China's AI Compute Power Counterstrike

The cost itself is the progress.

Popular coins

Latest Crypto News

Read more