VanEck launched the first US spot BNB ETF on Nasdaq, giving investors regulated exposure to BNB Chain.
Crypto ETF News
Asset manager VanEck listed the first US exchange-traded fund (ETF) offering spot exposure to BNB (BNB) on May 29, trading under the ticker VBNB on Nasdaq. The fund carries a sponsor fee of 0.39% and holds shares backed by BNB in cold storage through custodian Anchorage Digital Bank.
VanEck filed the first application for a spot BNB ETF in May 2025. The firm submitted its latest amendment earlier in May 2026 alongside an updated registration statement from Grayscale, which is pursuing its own spot BNB product. Both filings exclude #staking at launch but include conditional staking language for a potential future addition.
VBNB gives investors exposure to BNB through standard brokerage accounts without requiring them to buy or hold the token directly. BNB is the native asset of the BNB Chain ecosystem and is used to pay transaction fees across the network.
"Until today, BNB stood out among major crypto assets as one of the few not yet available in a US spot ETP," said VanEck’s director of digital assets product Kyle DaCruz. "We're thrilled to be changing that with the launch of VBNB, giving US investors exchange-traded access to one of the most economically significant networks in digital assets."
BNB Chain Activity and Market Position
BNB Chain processes more than 14 million transactions per day and supports over 2.5 million daily active users, VanEck reported, citing Artemis data. The network holds more than $16 billion in stablecoin supply and $3.6 billion in tokenized real-world assets (RWAs). BNB currently ranks as the fourth-largest cryptocurrency by market cap at approximately $88.3 billion.
"BNB has been one of the most resilient major cryptocurrencies through the recent market cycle, roughly flat over the past year while most Layer 1 peers experienced significant drawdowns," said VanEck Senior Investment Analyst Patrick Bush. He attributed part of that performance to the network's transaction volume and active user base.
VBNB joins VanEck's existing range of spot crypto ETFs, which covers Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Avalanche (AVAX). The US spot Bitcoin ETF market has accumulated $86.45 billion in total net assets since launching in January 2024, while spot Ethereum ETFs hold $11.6 billion, according to SoSoValue data. Products tied to assets including Solana, XRP, Dogecoin (DOGE), Chainlink (LINK), Polkadot (DOT), Hedera (HBAR), and Hyperliquid (HYPE) have also since launched.
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