TechFlow News, May 17: According to The Block, on Friday, May 15, VanEck filed the fifth amendment (S-1) to its BNB ETF registration statement with the U.S. Securities and Exchange Commission (SEC), while Grayscale simultaneously filed the second amendment to its Grayscale BNB ETF prospectus.
James Seyffart, ETF analyst at Bloomberg, stated that the synchronized filings indicate both issuers are actively responding to SEC feedback and are likely to launch their products in the near term. He further speculated that BNB may be the next crypto asset for which a spot ETF receives SEC approval and lists in the United States.
Meanwhile, Canary Capital separately filed the first amendment to its proposed staking TRX ETF, formally incorporating Tron’s staking yields into the regulated framework as a secondary investment objective of the trust.
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