VanEck has unveiled an ETF that would hold BNB tokens, with the potential for staking rewards pending regulatory approval.

American investment manager VanEck filed for an exchange-traded fund on Sunday, May 2, that will track the price of Binance Coin (BNB), as asset managers look to tap into rising interest in altcoins.

The so-called VanEck BNB ETF is stilling pending regulatory approval with the U.S. Securities and Exchange Commission to list its shares on a stock exchange with its ticker symbol yet to be disclosed.

According to the filing, the trust’s primary goal is to reflect the price performance of BNB, minus the Trust’s operating expenses. The ETF will hold BNB tokens and base its share valuation on an index calculated by MarketVector Indexes GmbH.

The trust’s structure includes provisions for staking rewards, though approval is still pending. The filing states that, in the future, if the exchange receives the necessary regulatory approval to allow any portion of the trust’s BNB to be used for staking, the trust would receive certain staking rewards of BNB, which may be treated as income.

BNB’s price saw little movement following the announcement. As of press time, it was trading at $592, down 0.4% on the day and still 25% below its record high from December 2024. Still, interest in BNB may be holding up.

As crypto.news reported earlier, BNB Chain’s active addresses rose 13% over the past week to around 5.2 million — potentially more than double Ethereum’s 2 million — while its staking yield is said to have climbed to 6.2%, according to data from StakingRewards.