Investment firm VanEck announced on Thursday the launch of the first spot BNB exchange-traded fund (ETF) in the US. Trading under the ticker VBNB, the fund allows investors to gain regulated exposure to the cryptocurrency associated with the Binance ecosystem through traditional brokerage accounts. This is reported by Cointelegraph.com reports .
According to the announcement, the ETF is physically backed by BNB tokens held in cold storage by a qualified custodian. As the native asset of the BNB Chain, this token is used to pay for transaction fees. VanEck plans to add a staking mechanism to the fund in the future, provided there are no legal hurdles.
VanEck representatives described the BNB Chain as one of the largest blockchains by daily active users and transaction volume. Currently, the network hosts over $16 billion in stablecoin supply and nearly $3.6 billion in tokenized real-world assets (RWA).
According to CoinGecko data, BNB is among the world's top five cryptocurrencies with a market capitalization of nearly $85.5 billion. At the moment, the token is trading around $633, with its daily trading volume approaching $874 million.
In recent months, the US financial market has seen an influx of crypto products linked to alternative blockchain networks. Previously, VanEck launched an ETF for Avalanche (AVAX), while 21Shares and Bitwise introduced funds based on Hyperliquid (HYPE). Major banks like Goldman Sachs are also showing interest in actively managed Bitcoin strategies.
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