VanEck has filed an S-1 registration with the U.S. Securities and Exchange Commission (SEC) to launch a BNB exchange-traded fund (ETF). If approved, the VanEck BNB ETF would allow investors to gain exposure to Binance Coin (BNB), the fifth-largest cryptocurrency by market capitalization, through a regulated product traded on traditional stock exchanges. The fund would track BNB's price, offer direct custody with no derivatives used, and could include staking pending regulatory approval. Regular disclosures would be required. This filing follows VanEck's earlier registration of the VanEck BNB ETF in Delaware on April 2, 2025. BNB powers the BNB Chain and supports DeFi applications within the Binance ecosystem. The SEC may request amendments or clarifications as part of its review, and a final decision timeline has not been set. Separately, the SEC is expected to issue a decision on Canary Capital's proposed spot Litecoin ETF. Bloomberg analyst James Seyffart noted that, unlike other recent crypto ETF filings, the SEC has not yet delayed the Litecoin ETF decision, raising the possibility of early approval, though he personally expects a delay. Final SEC deadlines for spot ETF applications tied to Litecoin, XRP, Solana, and Dogecoin all land in October. Polymarket odds of approval for the Litecoin ETF rose from 26% to 47% overnight, and analysts have given Litecoin the highest 2025 approval odds among altcoins. The price of Litecoin (LTC) rose 4% in the past 24 hours, nearing a one-month high of around $90. Dogecoin, Solana, and XRP are also contenders for future ETF approvals. Bitcoin is trading at $94,180 and Ethereum at $1,800.