VanEck Launches First U.S. Spot BNB ETF on Nasdaq

Asset management giant VanEck has officially launched the first U.S. exchange-traded fund (ETF) offering spot exposure to BNB, marking another major step in the expansion of crypto investment products in traditional financial markets.

The new VanEck BNB ETF, trading under the ticker symbol VBNB on Nasdaq, allows investors to gain direct exposure to BNB without the need to purchase or securely store the cryptocurrency themselves. The fund is backed by physical BNB tokens held in cold storage by Anchorage Digital Bank, which serves as the ETF’s custodian. VanEck confirmed the ETF carries a sponsor fee of 0.39%.

BNB is the native cryptocurrency of BNB Chain and plays a central role in powering transactions and decentralized applications across the blockchain network. According to VanEck, BNB Chain currently processes more than 14 million transactions daily while supporting over 2.5 million active users each day. The company also highlighted blockchain analytics data from Artemis showing the network holds more than $16 billion in stablecoins and approximately $3.6 billion in tokenized real-world assets.

The launch of the spot BNB ETF comes shortly after VanEck and Grayscale submitted amended filings connected to proposed BNB investment products, signaling growing institutional interest in alternative cryptocurrency ETFs beyond bitcoin and ether.

The U.S. crypto ETF market has expanded rapidly since the approval of spot bitcoin ETFs in January 2024. Spot ether ETFs followed later and have also attracted strong investor demand. Data from SoSoValue shows spot bitcoin ETFs now manage roughly $86.45 billion in total net assets, while spot ether ETFs hold around $11.6 billion.

In addition to bitcoin and ether products, cryptocurrency ETFs tied to assets such as SOL, DOGE, HYPE, and XRP have also entered the market as investors continue seeking regulated exposure to digital assets through traditional brokerage platforms.