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VanEck Brings the First U.S. Spot BNB ETF to Nasdaq

By Isaac • May 30, 2026 9:04 am • Comments

VanEck announced on May 28, 2026 that it is launching the VanEck BNB ETF under the ticker VBNB.

The firm called it the first U.S. exchange-traded product designed to give investors spot exposure to BNB.

That fills one of the last big gaps in the regulated crypto fund lineup. Bitcoin and Ether got their U.S. spot products first, and now a top-five asset by market cap joins them on a major exchange.

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VBNB trades on Nasdaq, according to CoinDesk reporting, with a 0.39% sponsor fee.

The shares are physically backed by BNB held in cold storage. VanEck named Anchorage Digital Bank as the qualified custodian.

CoinDesk reported more details on the listing, the custody setup, and the broader spot-ETF backdrop:

Source: CoinDesk

VanEck launched the first U.S. spot BNB ETF, trading as VBNB on Nasdaq with a 0.39% sponsor fee. Shares are backed by BNB in cold storage.

The ETF offers investors BNB exposure through traditional brokerage accounts without requiring them to directly buy or store the token.

BNB Chain is highly active, processing over 14 million daily transactions and holding $16B+ in stablecoins and $3.6B in tokenized real-world assets.

Asset manager VanEck has launched the first U.S. exchange-traded fund offering spot exposure to BNB, further expanding its crypto ETF offerings.

The VanEck BNB ETF, trading under the ticker VBNB, began trading with shares backed by BNB held in cold storage through custodian Anchorage Digital Bank, according to the company. The fund carries a sponsor fee of 0.39% and is listed on Nasdaq.

The launch follows amended filings from VanEck and Grayscale tied to proposed spot BNB ETFs.

Spot bitcoin ETFs launched in the U.S. in January 2024, followed later by spot ether ETFs. These have since seen their total net assets surge to $86.45 billion and $11.6 billion respectively, according to SoSoValue data.

That structure matters to anyone who remembers why investors wanted regulated wrappers in the first place.

The coins sit with a chartered custodian, and the exposure shows up in a brokerage account instead of a self-custody setup.

VanEck made its case for the asset directly in the release.

In its official announcement, VanEck said BNB ranks among the most-used cryptocurrencies in the market:

Source: VanEck

NEW YORK, NY (May 28, 2026) – VanEck is today launching the VanEck BNB ETF (VBNB), the first exchange-traded product in the U.S. designed to provide spot exposure to the price movements of BNB, the native asset of one of the world’s largest blockchain ecosystems based on users and on-chain activity. Shares of VBNB are physically backed by BNB held in cold storage with a qualified custodian.

BNB is one of the top 5 cryptocurrencies in the world by market cap and top 3 based on daily active users, yet up to now it has been inaccessible to U.S. investors seeking spot exposure in an ETP wrapper.

BNB Chain is also among the largest stablecoin ecosystems in crypto, with a strong base of assets held on-chain and transactional activity across the network. This helps drive recurring on-chain demand for BNB, which is used to pay gas across the network.

BNB is also unique in its deflationary supply mechanics, with layered burn mechanisms designed to reduce supply systematically toward a target of 100 million tokens.

“BNB has been one of the most resilient major cryptocurrencies through the recent market cycle, roughly flat over the past year while most Layer 1 peers experienced significant drawdowns,” said Patrick Bush, Senior Investment Analyst with VanEck.

“This is partly due to the fact that BNB is one of the most actively used blockchains in the world, processing over 14 million transactions per day and supporting more than 2.5 million daily active users. It also boasts a strong userbase with ample resources including more than $16B in stablecoin supply and $3.6B in RWAs.”

The firm cited Artemis data as of May 26, 2026 for those figures.

There is a staking angle worth watching too.

VanEck disclosures state the trust will not stake BNB at launch.

The objective may include staking rewards later if the sponsor implements staking and determines the trust may do so without undue legal or regulatory risk.

That keeps the door open for added yield once the compliance picture is settled.

Wall Street keeps reaching deeper into the crypto market, and the assets it picks up are climbing the rankings as it goes.

VBNB puts a top-four token in a Nasdaq-listed wrapper with cold-storage backing and a clear fee. For a bullish investor who wants BNB exposure without managing keys, that is a clean new on-ramp.

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