BNB Enters US Spot ETF Market Through VanEck’s VBNB
Tech BNB Enters US Spot ETF Market Through VanEcks VBNB VanEck launched the first US spot BNB exchange-traded fund on Thursday, giving investors regulated exposure to the Binance-linked cryptocurrency through traditional brokerage accounts. The ETF, trading under the ticker VBNB, is physically backed by BNB (BNB) held in cold storage with a qualified custodian, according to the announcement. BNB is the native token of BNB Chain and is used to pay transaction fees across the network. According to VanEck, the fund is designed to track the spot price of BNB and may later incorporate staking if the issuer determines it can do so without regulatory or legal complications. VanEck described BNB Chain as one of the largest blockchain networks by daily active users and transaction activity, citing more than $16 billion in stablecoin supply and roughly $3.6 billion in tokenized real-world assets on the network. Data from CoinGecko shows BNB has a market capitalization of roughly $85.5 billion, ranking it among the five largest cryptocurrencies globally. The token was last trading near $633, with daily trading volume approaching $874 million. Crypto ETF issuers push deeper into altcoins and complex strategies The introduction of VBNB comes as asset managers roll out crypto exchange-traded products tied to alternative blockchain networks,









