VanEck and Grayscale have submitted revised proposals for their respective BNB ETFs, signaling a potential final push in the race to launch the first U.S. spot BNB ETF. VanEck's fifth amendment to its S-1 filing aims to list the VanEck BNB ETF on Nasdaq under the ticker VBNB, while Grayscale's second amendment proposes the Grayscale BNB ETF to trade under the ticker GBNB. Both companies are responding to feedback from the SEC, with neither proposal including staking functionality due to regulatory uncertainties.
Meanwhile, Canary Capital is advancing its staked Tron ETF proposal, having filed an amendment that establishes staking as a secondary investment objective. The Canary Staked TRX ETF will involve a staking program managed by the sponsor, allowing participants to earn additional TRX. This move comes as the list of cryptocurrency ETF candidates grows, with 21Shares recently launching an ultra-liquid ETF, outpacing competitors like Bitwise and Grayscale.
VanEck and Grayscale Revise BNB ETF Proposals Amid Intensifying Competition
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