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VanEck seeks to launch the first US BNB ETF amid DeFi momentum – TON BOT

VanEck seeks to launch the first US BNB ETF amid DeFi momentum

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VanEck is planning to launch the first US-based ETF tracking the BNB token. The asset manager has registered a legal entity for this purpose and aims to mirror BNB’s market performance. The move follows a trend of interest in altcoin ETFs, fueled by the success of spot Bitcoin ETFs. The proposal coincides with increased momentum on BNB Chain, with the network surpassing Ethereum and Solana in DEX trading volume. BNB Chain has introduced incentive programs to attract more developers and projects, while Binance founder Changpeng Zhao continues to engage with the community.

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