Asset management firm VanEck has launched the VanEck BNB ETF (VBNB), the first spot BNB ETF in the United States, The Block reported. This ETF is a product directly exposed to BNB price movements, and the spot BNB will be stored in Anchorage Digital Bank's cold wallet. The fee is 0.39%. VanEck first applied for a BNB ETF in May of last year, and Grayscale is currently also pursuing approval for a similar product. However, staking functionality was excluded from both products at their initial launch.
