CoinDesk·2d ago·positive

VanEck launches first US spot BNB ETF, betting on real-world usage

VanEck has launched the first US spot BNB ETF (VBNB) on Nasdaq, arguing BNB Chain's 33 million monthly active users and $160 million annual revenue make it a stronger investment case than many blockchain projects still selling a vision.

VanEck's spot BNB ETF (VBNB) is now trading on Nasdaq, giving investors exposure to BNB through traditional brokerage accounts
BNB Chain has 33 million monthly active users and 2.1 million daily active users, per VanEck
The network processes roughly $100 billion in monthly stablecoin transfer volume
VanEck expects to eventually add staking to the ETF once regulatory conditions allow
The firm is emphasizing blockchain revenue as a key metric, calling BNB and Hyperliquid 'revenue chains'

marketregulationImpact 7/10

Why our editor rated this positive

A major asset manager launching a spot ETF for BNB signals growing institutional adoption and regulatory acceptance of crypto ETFs, which is positive for the industry.

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