VanEck Launches First US Spot BNB ETF as Crypto Investment Products Expand

VanEck has launched the first spot BNB exchange traded fund (ETF) in the United States, giving investors direct exposure to the price movement of BNB without buying or storing the cryptocurrency themselves. The new fund, trading under the ticker VBNB, marks another step in the rapid expansion of crypto-based investment products in the US market.

VanEck BNB ETF Brings Direct Spot Exposure

The VanEck BNB ETF (VBNB) is physically backed by BNB tokens stored in cold wallets through Anchorage Digital Bank, according to the fund’s prospectus. The ETF charges a 0.39% sponsor fee and currently excludes staking features, although conditional staking language remains in regulatory filings.

VanEck first filed for a BNB ETF in May 2025, while another asset manager, Grayscale, is also seeking approval for a competing spot BNB ETF.

BNB Market Position and Blockchain Growth

BNB remains the fourth largest cryptocurrency by market capitalization, valued at around $88.3 billion. The token powers the BNB Chain ecosystem, which reportedly processes more than 14 million daily transactions and supports over 2.5 million active users each day.

The launch of VBNB adds to a growing list of crypto ETFs in the US, including products tied to Bitcoin, Ethereum, Solana, Avalanche and other digital assets as institutional demand for regulated crypto exposure continues to grow.