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VanEck's on-chain economy ETF has received approval from the SEC, allowing it to launch on May 14. This marks a significant step for cryptocurrency investment products as regulatory acceptance continues to grow in the market.
VanEck has registered an entity in Delaware for a potential BNB ETF, which could mark the first of its kind in the United States. The filing follows previous instances of fraudulent registrations related to crypto ETFs, raising questions about its legitimacy. Despite the news, BNB's price has seen a decline of 1.51%.