Grayscale and VanEck File Amended Applications for BNB ETF

Grayscale filed its second S-1 amendment for a proposed BNB-linked trust.

VanEck simultaneously submitted its fifth amendment for a similar BNB ETF.

These filings update existing applications rather than initiating new ones.

Bloomberg ETF analyst James Seyffart notes the synchronized actions suggest active responses to SEC feedback.

Seyffart speculates these updates indicate preparations for a potential launch.

BNB may become the next cryptocurrency to receive SEC approval for a U.S. exchange-traded product.