VanEcVanEck Files for the First U.S. Spot BNB ETFk Files for the First U.S. Spot BNB ETF

VanEck has submitted a filing to the U.S. Securities and Exchange Commission (SEC) to launch the first spot BNB ETF in the United States. The product would be listed on Nasdaq under the ticker VBNB and would hold BNB tokens directly, without exposure to derivatives or futures contracts.

According to the amended S-1 document, the fund will maintain physical custody of the assets and will track the MarketVector BNB Index, after deducting operational expenses. Investors will not initially receive staking rewards, although VanEck noted that this option may be introduced later through an external provider, with prior notification.

The trust is not regulated under the Investment Company Act of 1940 or by the Commodity Futures Trading Commission, which implies higher risks for investors. VanEck already operates several spot and futures-based cryptocurrency ETFs in both the U.S. and Europe.

The filing comes as U.S. regulators recently approved spot DOGE and XRP ETFs, which began trading on Monday. Altcoin ETFs continue to see consistent daily inflows, including those tracking Solana and XRP. On the market, BNB recorded an increase of approximately 0.86% on Tuesday.