-
ETF facilitate institutional and corporate investment in cryptocurrencies.
-
The BNB price does not have, for now, a special price increase attributable to this news.
BNB, cryptocurrency developed by Binance and Token native to the BNB Smart Chain (BSC) network, is closer to having its ETF in US bags.
The Financial Management Company VanEck —What already manages ETF of Bitcoin (BTC) and Ethher (ETH) – He presented a form s-1 before the Bag and Securities Commission (SEC) of the United States, requesting authorization to launch a BNB ETF.
The ETF, if approved by the SEC, will receive the name «Vaneck BNB ETF» And, like the existing ETFs of Bitcoin and Ether, it will be traded in stock exchanges as if it were an action of any company. The price of each ETF action will maintain correlation with that of the BNB cryptocurrency.
In Form S-1 presented by Vaneck, it reads:
«The trust offers investors the opportunity to access the BNB market through actions maintained in a traditional brokerage account, without the possible entry barriers or the risks involved in the direct possession or transfer of BNB, its acquisition in a bag or its mining, as mentioned above. The trust will guard its BNB in, a regulated external custodian that has insurance. The trust will not use derivatives such as swaps, futures or options in its investment strategy ».
Vaneck, investment company.
It is worth clarifying that BNB is not a minable cryptocurrency, so the error made by Vaneck in its presentation.
The price of BNB, as can be seen in the graph below, does not yet have a special rise that can be attributed to this novelty:
The presentation of this application by Vaneck marks a relevant step for BNB, since ETFs are key tools to facilitate the access of institutional and corporate investors to cryptocurrencies, without the need for them to directly manage digital assets.
In essence, An ETF allows you to invest in a cryptocurrency as if it were a traditional actionwhich facilitates its integration into regulated portfolios, pension funds and other traditional financial vehicles.
Until now, BNB did not have a direct access road from the US bags. With this new attempt by Vaneck, it seeks to open that door and further legitimize the asset in front of the traditional financial market.
However, The presentation of a request does not imply an automatic approval, nor does it guarantee an immediate impact on the price of the asset. Recent history shows that even when the SEC approves ETF on cryptocurrencies, as happened with ETF to the cash of Ether in 2024, the prices effect can be moderate, neutral or negative.
A recent cryptootic analysis shows that there is a «myth» on ETFs as drivers of the cryptocurrency price. In the words of journalist Nickolas Plaza, «ETF is not a magical wand. It facilitates investment, but does not guarantee that investors are launched to buy ».
We will have to wait, then, to see how this Vaneck request evolves and its final impact on the price of the BNB cryptocurrency.