VanEck listed the first U.S. exchange-traded fund offering spot exposure to BNB on Nasdaq on May 28, 2026. The fund trades under the ticker VBNB and carries a sponsor fee of 0.39%, with BNB held in cold storage through custodian Anchorage Digital Bank.
The launch extends the U.S. spot crypto ETF market to Binance's native token for the first time. Spot bitcoin ETFs arrived in January 2024 and have since accumulated $86.45 billion in total net assets; spot ether ETFs followed and hold $11.6 billion, according to SoSoValue data. ETFs tracking SOL, DOGE, HYPE, and XRP have also launched in the intervening period. BNB is the latest altcoin to receive the same treatment.
VanEck's filing is not the only one in motion. Grayscale has an amended spot BNB ETF filing on record as of January 2026, signaling competitive pressure in the space.
VBNB gives investors BNB exposure through standard brokerage accounts without requiring direct custody. VanEck cited Artemis data showing BNB Chain processes more than 14 million daily transactions and supports over 2.5 million daily active users. The network holds more than $16 billion in stablecoins and $3.6 billion in tokenized real-world assets.
The product is structurally straightforward: the ETF holds spot BNB, the fee is fixed, and custody sits with a federally chartered digital asset bank. What matters is the precedent. Each new spot crypto ETF approval narrows the list of major tokens that remain outside U.S. regulated wrappers. BNB, by market capitalization one of the largest tokens, clearing that bar on May 28 marks another step in that contraction.
Sources: VanEck press release via BusinessWire; CoinDesk (May 28, 2026); Artemis (BNB Chain metrics); SoSoValue (ETF net assets).