VanEck debuts first US spot BNB ETF in latest crypto investment product expansion
The Block
VanEck has launched the first U.S. spot BNB ETF, providing investors with exchange-traded exposure to the native asset of the BNB Chain ecosystem.Summary
VanEck has officially launched the VanEck BNB ETF (VBNB) in the United States, marking the first time investors have had access to a spot BNB exchange-traded product. The fund, which carries a 0.39% sponsor fee, is physically backed by BNB held in cold storage via Anchorage Digital Bank. While the proposal originally included staking, it was excluded at launch due to regulatory uncertainty, though the filing maintains conditional language regarding future staking capabilities. This launch expands VanEck's existing suite of crypto-asset ETFs and highlights the growing market demand for diverse, exchange-traded cryptocurrency investment vehicles in the U.S.
(Source：The Block)