VanEck has launched VBNB, the first US spot BNB ETF, on Nasdaq. The fund carries a 0.39% sponsor fee, holds actual BNB in cold storage through custodian Anchorage Digital, and uses the MarketVector BNB Benchmark Rate for daily share pricing.

At launch, VBNB will not engage in staking, meaning performance reflects only BNB's price appreciation less fees, which may cause the ETF to lag the returns of direct BNB holders who participate in staking.

BNB Chain processes over 14 million transactions per day, serves 2.5 million daily active users, holds $16B+ in stablecoins, and $3.6B in tokenized real-world assets — making it one of the most economically active blockchain networks in the industry.