VanEck Launches First U.S. ETF for Binance Coin
Binance Coin Hits Wall Street With The First Spot BNB ETF
Image: Benzinga
VanEck has introduced the VanEck BNB ETF, the first U.S.-listed exchange-traded fund linked to Binance Coin (BNB). This fund allows investors to gain exposure to BNB without managing crypto wallets, as it is backed by BNB tokens held securely by Anchorage Digital Bank.
- 01The VanEck BNB ETF (NASDAQ:VBNB) is the first U.S.-listed ETF tied to Binance Coin.
- 02The fund has an expense ratio of 0.39% and offers direct exposure to BNB without the need for crypto wallets.
- 03BNB Chain processes over 14 million transactions daily and supports more than 2.5 million active users.
- 04The ETF launch reflects a growing trend in crypto ETFs beyond Bitcoin and Ethereum, catering to increased investor interest in altcoins.
- 05Spot Bitcoin ETFs currently hold net assets of $86.45 billion, while spot Ethereum ETFs have $11.60 billion in assets.
Advertisement
In-Article Ad
VanEck has launched the first U.S.-listed exchange-traded fund (ETF) linked to Binance Coin (BNB), named the VanEck BNB ETF (NASDAQ:VBNB). This innovative fund provides investors with direct exposure to BNB without the complexities of managing crypto wallets or private keys. The ETF's shares are backed by BNB tokens that are securely stored in cold storage by Anchorage Digital Bank, ensuring institutional-grade custody of the assets. The fund features an expense ratio of 0.39%, making it accessible through traditional brokerage accounts. Binance Coin is the native token of the BNB Chain, which boasts over 14 million transactions daily and more than 2.5 million active users. The launch signifies a notable expansion in the crypto ETF market, which is increasingly diversifying beyond Bitcoin and Ethereum. Currently, spot Bitcoin ETFs manage assets totaling $86.45 billion, while spot Ethereum ETFs hold $11.60 billion, highlighting the growing interest in cryptocurrency investments.
Advertisement
In-Article Ad
The introduction of the VanEck BNB ETF enhances investor access to cryptocurrency markets, potentially increasing participation in the altcoin sector.
Advertisement
In-Article Ad
Reader Poll
What do you think about investing in cryptocurrency ETFs?
Connecting to poll...
More about VanEck
Las empresas con mayores ventajas competitivas y su rendimiento en el mercado
Eleconomista Es • May 31, 2026
VanEck Launches Tokenized Treasury Fund on Euler, Bridging DeFi and Wall Street
Coindesk • May 28, 2026
VanEck BDC Income ETF (BIZD) Offers Strategic Exposure to Business Development Companies
Seeking Alpha • May 25, 2026
Read the original article
Visit the source for the complete story.