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VanEck and Grayscale Both File Fresh BNB ETF Amendments With the SEC on the Same Day

By Isaac • May 18, 2026 8:28 am • Comments

VanEck and Grayscale each filed amended S-1 registration statements for proposed spot BNB ETFs with the SEC on May 15, 2026.

VanEck submitted Amendment No. 5 under registration number 333-286959.

Grayscale filed Amendment No. 2 under registration number 333-292896.

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The simultaneous filings put two heavyweight asset managers on parallel tracks toward a potential U.S.-listed spot fund for BNB, currently the fourth-largest crypto asset by market cap at over $86 billion.

Bloomberg ETF analyst James Seyffart said the Grayscale amendment suggested active SEC engagement, meaning the agency is reviewing and providing feedback rather than letting the filing sit idle.

That distinction matters in the ETF approval cycle. Amended filings typically reflect issuer responses to SEC staff comments, and both firms moving paperwork forward on the same date points to a live review window.

Bitcoin.com News reported on the dual filings and highlighted the active review context:

According to Bitcoin.com News: Bitcoin.com News reported that Grayscale submitted a second amended S-1 for its proposed spot BNB ETF and that VanEck filed a competing update in the same window. The article said Bloomberg ETF analyst James Seyffart viewed the Grayscale amendment as a sign of active SEC engagement.

It also noted that the products remained in the review process and that BNB carried a market capitalization above $87 billion at current prices. For PCN readers, the useful context is the filing sequence: two large asset managers moved BNB ETF paperwork forward at the same time, but the market still has to wait on the SEC and Nasdaq listing process before any shares trade.

CoinMarketCap ranked BNB at number 4 by market cap on May 18, 2026, with market capitalization above $86 billion. CoinMarketCap ranked XRP at number 5 and Solana at number 7 in the same current market-cap table, confirming the article lane is inside the corrected top-10 PCN standard.

VanEck BNB ETF filed Amendment No. 5 to Form S-1 with the SEC on May 15, 2026, under registration number 333-286959.

The VanEck filing describes the trust as an exchange-traded fund issuing common shares of beneficial interest. Shares are expected to list on Nasdaq once BNB satisfies applicable listing requirements.

According to SEC VanEck BNB ETF S-1/A: The SEC filing for VanEck BNB ETF is labeled Amendment No. 5 to Form S-1 and was filed on May 15, 2026.

The preliminary prospectus describes the VanEck BNB ETF as an exchange-traded fund that issues common shares of beneficial interest. It says the shares are expected to be approved for listing, subject to notice of issuance, on Nasdaq under the applicable commodity-based trust share rules once BNB satisfies one of the eligibility requirements.

The filing also says the trust will not commence trading unless and until the exchange confirms that the shares meet all applicable listing requirements. The VanEck filing describes the trust as an exchange-traded fund issuing common shares of beneficial interest.

The VanEck filing says the shares are expected to list on Nasdaq once BNB satisfies the applicable listing requirements, and that trading will not begin unless the exchange confirms the shares meet all applicable listing requirements. Grayscale BNB ETF filed Amendment No.

2 to Form S-1 with the SEC on May 15, 2026, under registration number 333-292896.

The Grayscale filing names Grayscale Investments Sponsors, LLC as sponsor and describes the product as the Grayscale BNB ETF.

The Grayscale filing names Grayscale Investments Sponsors, LLC as sponsor. It states that the registration statement is preliminary and that securities may not be sold until the filing becomes effective.

Both products would give investors direct exposure to BNB through a traditional ETF wrapper, the same structure that already exists for Bitcoin and Ethereum spot funds.

BNB sits at number four on CoinMarketCap’s current rankings, ahead of XRP at five and Solana at seven. A spot ETF approval would make it the first asset outside Bitcoin and Ethereum to clear the full U.S. regulatory process in that wrapper.

No approval has been granted. These are still amended registration statements working through the SEC pipeline.

But two major issuers filing on the same day, with analyst commentary pointing to genuine SEC feedback, is the clearest signal yet that BNB is in the next wave of the ETF review cycle.

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