According to VanEck, the firm officially launched the first US spot BNB ETF (VBNB) trading on Nasdaq on May 28, 2026. The physically-backed fund, with BNB held in cold storage and a sponsor fee of 0.39%, provides direct spot exposure to BNB without requiring investors to hold the asset themselves.
The launch followed months of regulatory engagement with the SEC. VanEck first filed for the product in 2025 and submitted multiple amended S-1 filings throughout 2026, including a revision that removed staking functionality from the proposal to reduce regulatory friction.