VanEck Launches First U.S. Spot BNB ETF With $2 Million on Nasdaq
Updated
Updated · CoinDesk · Jun 12
VanEck Launches First U.S. Spot BNB ETF With $2 Million on Nasdaq
3 articles · Updated · CoinDesk · Jun 12
Summary
$2 million has flowed into VanEck’s new VBNB since launch, giving U.S. investors spot BNB exposure through standard brokerage accounts on Nasdaq.
VanEck says BNB earned an ETF wrapper because its network shows measurable usage—33 million monthly active users, 2.1 million daily users and about $100 billion in monthly stablecoin transfer volume.
The firm is pitching BNB as a “revenue chain,” arguing advisors increasingly care more about sustainable blockchain business models than technical distinctions; DaCruz put BNB’s annual revenue at roughly $160 million.
Staking could later become part of the fund’s appeal, with VanEck’s prospectus allowing for it once regulatory and operational conditions permit, potentially adding yield for investors.