VanEck and Grayscale submitted revised BNB ETF applications on the same day.

On May 17, according to The Block, VanEck submitted the fifth amendment to its BNB ETF registration statement to the U.S. Securities and Exchange Commission on Friday (May 15), while Grayscale also submitted the second amendment to its Grayscale BNB ETF prospectus on the same day. Bloomberg ETF analyst James Seyffart stated that the synchronized actions of both parties indicate that both issuers are responding to feedback from the U.S. SEC and may plan to launch in the near future. James Seyffart speculates that BNB may be the next crypto asset to pass SEC review and is expected to be listed in the United States. Meanwhile, Canary Capital separately submitted an amendment to its proposed staked TRX ETF, which would package Tron's staking yields into a regulated framework.