VanEck has launched a U.S. spot BNB exchange-traded fund, VBNB

Odaily reported that 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 the price of BNB. It is reported that VBNB is backed by physical BNB, with custody of cold wallet assets managed by Anchorage Digital Bank, and a management fee of 0.39%. The product does not include staking rewards in its initial phase but retains the possibility of introducing staking in the future. (The Block)