VanEck announces U.S. spot BNB exchange-traded fund VBNB

Odaily Planet Daily News Asset management company VanEck has announced the launch of the U.S. spot BNB exchange-traded fund VanEck BNB ETF (VBNB), providing investors with direct spot exposure to BNB prices. It is reported that VBNB is backed by physical BNB assets, with cold wallet assets custodied by Anchorage Digital Bank, and a management fee of 0.39%. The product does not include staking yield functionality in the initial phase but retains the possibility of introducing staking in the future. (The Block)