VanEck Launches First BNB Spot ETF in the United States: VBNB

BlockBeats News, May 28, Asset management company VanEck officially launched the VanEck BNB Spot ETF (code: VBNB) on Thursday, becoming the first ETF in the United States to offer BNB spot exposure. VBNB is backed by physical BNB held in cold storage at Anchorage Digital Bank, with a management fee of 0.39% and does not yet support staking.

VanEck stated that BNB is one of the few major cryptocurrencies that does not yet have a U.S. spot ETP, and this product provides U.S. investors with a way to access this highly active asset through an exchange.