VanEck and Grayscale file fresh BNB ETF amendments as altcoin spot ETF race heats up!

VanEck filed its fifth amendment to its BNB ETF registration statement with the SEC on Friday, while Grayscale submitted its second amendment to its BNB ETF prospectus on the same day. Bloomberg Intelligence ETF analyst James Seyffart flagged both filings on X, suggesting BNB could be the next major crypto asset to receive a U.S. spot ETF approval.

The parallel filings signal that the post-Bitcoin, post-Ethereum ETF pipeline is moving faster than many expected. BNB, the native token of the BNB Chain ecosystem, would represent a significant expansion of the regulated crypto product universe if approved.

Separately, Canary Capital filed an amendment to its staked TRX ETF proposal, which would package Tron's staking yield inside a regulated wrapper — adding another altcoin to the queue and raising the stakes for which asset crosses the finish line first.