Key facts
- VanEck launched the VanEck BNB ETF (VBNB) on May 28, 2026.
- VBNB is the first U.S. exchange-traded product providing spot exposure to BNB.
- The ETF is physically backed by BNB held in cold storage.
- VanEck highlighted BNB's strong user activity, revenue generation, and deflationary supply mechanics.
- BNB Chain processes over 14 million transactions daily and supports over 2.5 million daily active users.
VanEck has launched the VanEck BNB ETF (VBNB), the first exchange-traded product in the U.S. to offer spot exposure to BNB, the native cryptocurrency of the BNB Chain. The ETF, which began trading on May 28, 2026, is physically backed by BNB held in cold storage by a qualified custodian.
VanEck highlighted BNB's strong on-chain activity, revenue generation, and unique deflationary supply mechanics as key factors differentiating it from other blockchain projects. According to the firm, BNB Chain is one of the world's largest blockchain ecosystems by users and on-chain activity, processing over 14 million transactions daily and supporting more than 2.5 million daily active users. The ecosystem also boasts a substantial stablecoin supply exceeding $16 billion and $3.6 billion in real-world assets (RWAs).
Patrick Bush, Senior Investment Analyst at VanEck, noted BNB's resilience through recent market cycles, attributing it to the blockchain's active usage. Kyle DaCruz, Director of Digital Assets Product at VanEck, expressed excitement about providing U.S. investors with exchange-traded access to the economically significant BNB network.
VBNB joins VanEck's existing lineup of digital asset-focused products, including the VanEck Bitcoin ETF (HODL), which currently offers a competitive fee structure. The firm also manages the VanEck Digital Transformation ETF (DAPP) and the VanEck Onchain Economy ETF (NODE).