VanEck Highlights BNB Chain Usage Metrics to Differentiate VBNB Spot BNB ETF

VanEck is pitching its spot BNB ETF (VBNB) as a product tied to BNB Chain's measurable on-chain usage rather than a simple crypto beta trade. The fund launched on Nasdaq on May 28, 2026, and is reported to have about $2 million in AUM with a 0.39% sponsor fee, while VanEck cites 33 million monthly active users, 2.1 million daily active users, and roughly $160 million in annual revenue for the network.