VanEck, Grayscale file fresh BNB ETF amendments as race for next altcoin spot ETF accelerates

<p>A pair of SEC filings on Friday from VanEck and Grayscale signaled that the long-running race to launch the first U.S. spot BNB ETF may be entering its final stretch, while Canary Capital advances its staking Tron ETF proposal. </p>

<p>VanEck filed Amendment No. 5 to its <a href="https://www.sec.gov/Archives/edgar/data/2066824/000162828026035722/vaneckbnbs-1a5.htm">Form S-1</a> for the VanEck BNB ETF, which is set to list on Nasdaq under the ticker VBNB.

The asset manager has been refiling the document at a steady cadence since the <a href="https://www.theblock.co/post/353116/vaneck-becomes-first-asset-manager-bnb-etf-us-filing">original May 2025 submission</a>, which has since been amended five times. </p>

<p>Grayscale, the second issuer to enter the <a href="https://www.theblock.co/other-etf-live-chart">BNB ETF race</a>, filed Amendment No. 2 to its own registration statement on the same day.

If approved, the Grayscale BNB ETF would trade on Nasdaq under the ticker GBNB.