VanEck launches first U.S. spot BNB ETF — VBNB hits Nasdaq!

Asset manager VanEck has listed the first U.S. spot BNB exchange-traded fund on Nasdaq, trading under the ticker VBNB with a 0.39% sponsor fee. Shares are backed by BNB held in cold storage through custodian Anchorage Digital Bank, giving traditional brokerage investors direct price exposure to BNB without needing to self-custody the token.

VanEck cited strong network fundamentals to support the launch: BNB Chain processes more than 14 million transactions per day, serves over 2.5 million daily active users, and — according to Artemis data — holds $16 billion in stablecoins and $3.6 billion in tokenized real-world assets on-chain.

The launch extends the U.S. spot crypto ETF runway beyond Bitcoin and Ether. Spot BTC ETFs now hold $86.45 billion in net assets and spot ETH ETFs $11.6 billion, per SoSoValue.