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TechFlow News, May 28: According to The Block, asset management firm VanEck officially launched its VanEck BNB ETF (ticker: VBNB) on Thursday, becoming the first exchange-traded product in the U.S. to offer spot exposure to BNB. VBNB is backed by physical BNB held in cold wallets at Anchorage Digital Bank, carries a management fee of 0.39%, and currently does not support staking.
According to The Block, asset management firm VanEck officially launched its VanEck BNB ETF (ticker: VBNB) on Thursday, becoming the first exchange-traded product in the U.S. to offer spot exposure to BNB. VBNB is backed by physical BNB held in cold storage at Anchorage Digital Bank and carries a management fee of 0.39%. Staking functionality is not currently supported.
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