Altcoin ETF Race Heats Up as VanEck and Grayscale File BNB ETF Amendments

The United States Securities and Exchange Commission (SEC) has seen a flurry of activity from major asset managers, as they vie for approval to launch their own altcoin exchange-traded funds (ETFs).

VanEck and Grayscale have filed new amendments for their proposed spot BNB ETFs, bringing fresh attention to the competitive landscape. While both proposals plan direct token exposure, staking will be kept outside of the main launch plan.

Canary's TRX filing takes a different route by incorporating staking inside the fund structure. This approach reflects ongoing questions around how staking rewards fit into regulated U.S. ETF products.