The ETF offers investors BNB exposure through traditional brokerage accounts without requiring them to directly buy or store the token. May 28, 2026, 1:36 p.m. 1 min readMake preferred on Asset manager VanEck has launched the first U.S. exchange-traded fund offering spot exposure to BNB, further expanding its crypto ETF offerings.The VanEck BNB ETF, trading under the ticker VBNB, began trading with shares backed by BNB held in cold storage through custodian Anchorage Digital Bank, according to the company. The fund carries a sponsor fee of 0.39% and is listed on Nasdaq.The ETF gives investors exposure to BNB through traditional brokerage accounts without requiring them to buy or store the token directly. BNB is the native token of BNB Chain and is used to pay network transaction fees across the blockchain ecosystem.VanEck said BNB Chain processes more than 14 million transactions per day and supports over 2.5 million daily active users. The firm also cited Artemis data showing the network holds more than $16 billion in stablecoins and $3.6 billion in tokenized real-world assets.The launch follows amended filings from VanEck and Grayscale tied to proposed spot BNB ETFs.Spot bitcoin ETFs launched in the U.S. in January 2024, followed later by spot ether ETFs. These have since seen their total net assets surge to $86.45 billion and $11.6 billion respectively, according to SoSoValue data. ETFs for other altcoins including SOL, DOGE, HYPE, and XRP have since also been launched.More For YouGrayscale’s decision to delay its IPO highlights the growing caution across the crypto industry as volatile markets and weak investor demand weigh on public listing plans.What to know: Grayscale has paused its IPO plans due to unfavorable market conditions and is unlikely to resume preparations before Q4, according to a source.The crypto asset manager, which filed confidentially for a U.S. IPO last November, is one of the industry’s largest firms and oversees products including the Bitcoin Trust...Read full story