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VanEck launches the first spot BNB ETF in the United States

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The asset management company VanEck has launched the VanEck BNB ETF (VBNB), the first ETF in the United States to provide spot exposure to BNB price fluctuations. VBNB is supported by physical BNB stored in Anchorage Digital Bank cold storage, with a initiator fee of 0.39%. VanEck submitted the application in May 2025 and updated the revised version earlier this month. Grayscale has also submitted similar applications, both of which do not include staking functionality at startup.

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