VanEck to pursue launch of spot Binance Coin (BNB) ETF… Nasdaq listing planned

Minseung Kang

Summary

Global asset manager VanEck reported it is preparing to launch a spot ETF backed by Binance Coin (BNB).
It said the ETF aims to list on Nasdaq and the ticker code was presented as VBNB.
The ETF was said to be designed to directly hold BNB tokens to track price movements.

Global asset manager VanEck is reportedly preparing a spot crypto asset (cryptocurrency) exchange-traded fund (ETF) backed by Binance Coin (BNB).

On the 25th (local time), crypto-focused media Odaily, citing documents filed with the U.S. Securities and Exchange Commission (SEC), reported that "VanEck Digital Assets has announced plans to launch the 'VanEck BNB ETF'." The product name is 'VanEck BNB ETF', it aims to list on Nasdaq, and the ticker code was presented as VBNB.

The ETF is structured to directly hold BNB tokens to track price movements. The index calculates asset value daily based on the BNB index, and reflects pure price returns after deducting trust operating expenses.

BNB

Minseung Kang

minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.

VanEck to pursue launch of spot Binance Coin (BNB) ETF… Nasdaq listing planned

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