VanEck launches US Spot BNB Exchange Traded Fund VBNB

Odaily reports that asset management company VanEck has announced the launch of the US spot BNB exchange-traded fund, VanEck BNB ETF (VBNB), providing investors with direct spot exposure to the price of BNB. It is reported that VBNB is backed by physical BNB assets, with cold wallet assets custodied by Anchorage Digital Bank, and carries a management fee of 0.39%. The product does not include a staking yield function at the initial stage but retains the possibility of introducing staking in the future. (The Block)