VanEck launched the first U.S.-listed ETF tied to Binance Coin (CRYPTO: BNB), expanding investor access to one of the largest cryptocurrencies through a regulated ETF structure.
The new fund, the VanEck BNB ETF (NASDAQ:VBNB), offers direct exposure to Binance Coin without requiring investors to manage crypto wallets or private keys. Shares of the ETF are backed by BNB tokens held in cold storage by Anchorage Digital Bank, providing institutional-grade custody for the underlying assets.
Key Features of the fund:
- Shares are backed by physical BNB held in cold storage
- Expense ratio set at 0.39%
- Allows investors to gain BNB exposure through traditional brokerage accounts
- Eliminates the need to directly purchase or store cryptocurrency
- BNB is the native token of BNB Chain
- BNB Chain processes more than 14 million transactions daily
- Network supports over 2.5 million daily active users
The launch marks another step in the rapid expansion of crypto ETFs beyond Bitcoin and Ethereum as issuers race to capture growing investor demand for altcoin exposure.
Binance Coin, or BNB, is the native token of BNB Chain, a blockchain ecosystem originally developed by crypto exchange Binance and now positioned as a community-driven network for Web3 and decentralized finance applications. VanEck said BNB Chain currently processes more than 14 million transactions daily and supports over 2.5 million active users per day, underscoring the scale of activity across the ecosystem.
The ETF enters a market where spot Bitcoin ETFs already hold net assets of $86.45 billion, while spot Ethereum ETFs have accumulated $11.60 billion, according to market data. Asset managers have also rolled out a growing lineup of altcoin-focused funds tied to cryptocurrencies such as Solana and Dogecoin.
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