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VanEck launches U.S. spot BNB ETP VBNB with direct holdings, May 28 filing
VanEck said on May 28 it launched VBNB, a U.S. exchange-traded product designed to give direct spot exposure to BNB by holding the token rather than using futures or synthetic structures. The prospectus lists Anchorage Digital Bank as custodian and says staking rewards may be added later, while also flagging Binance-related regulatory sensitivity and a validator set of 21 active validators as key risks.