Asset manager VanEck listed the VanEck BNB ETF on Nasdaq on Thursday, May 29, 2026 at 6:03 AM EST under ticker VBNB — the first US-listed spot ETF offering direct exposure to BNB, the native token of the BNB Chain ecosystem. The fund carries a 0.39% sponsor fee, holds BNB in cold storage through custodian Anchorage Digital Bank, and is structured under Nasdaq Rule 5711(d), which permits the listing of commodity-based trust shares under the exchange's generic standards. The filing is registered with the SEC under File No. 333-286959, following Amendment No. 5 to the Form S-1 on May 15, a Form 8-A12B registration on May 22, and certification confirmed May 27.
BNB is the third-largest non-stablecoin cryptocurrency by market cap. VanEck's prospectus cites the BNB Chain network processing more than 14 million daily transactions, holding over $16 billion in stablecoins, and supporting approximately $3.6 billion in tokenized real-world assets. VBNB gives US investors exposure to BNB through traditional brokerage accounts without requiring direct custody of the token.
The launch continues a rapid expansion of single-asset spot crypto ETFs. Bitwise's BHYP and 21Shares' THYP — both Hyperliquid spot ETFs — listed May 14 and 15 respectively and attracted over $100 million in cumulative inflows within two weeks. Spot ETFs tracking XRP, DOGE, and SOL have all launched within the past year. VBNB arrives in mixed conditions: spot Bitcoin ETFs shed approximately $2.26 billion over the prior two weeks, their worst stretch since January, while altcoin-linked products have absorbed capital more selectively. Whether BNB draws comparable institutional flows will be an early test of how broadly the ETF wave can extend beyond the two largest crypto assets.