VanEck Files for Spot BNB ETF to Trade on Nasdaq as VBNB

VanEck has filed an application with the US Securities and Exchange Commission for a spot BNB exchange-traded fund, proposing to list on Nasdaq under the ticker VBNB. The fund would provide institutional and retail investors direct exposure to BNB through traditional brokerage accounts. The S-1 filing indicates the ETF will physically hold BNB tokens rather than using futures or cash-settled derivatives.