VanEck launches its first spot BNB ETF in the US: VBNB

CoinFeed reported on May 28th that, according to The Block, asset management firm VanEck launched the VanEck BNB ETF (ticker symbol: VBNB) on Thursday, becoming the first trading product in the US to offer exposure to the spot BNB price. The ETF is backed by physical BNB held in a cold wallet at Anchorage Digital Bank, with a management fee of 0.39%. Currently, it does not include staking functionality, but the prospectus retains conditional staking clauses. VanEck first submitted its BNB ETF application in May 2025, and Grayscale is also working on a similar product.