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Asset management firm VanEck launched its first product in the U.S. on Thursday aimed at providing a spot price exposure trading product for BNB, the VanEck BNB ETF (VBNB). The prospectus shows that shares of VBNB are backed by physical BNB held in cold storage at Anchorage Digital Bank, with sponsor fees of 0.39%. VanEck first applied for a BNB ETF in May 2025 and submitted the latest amendment earlier this month; meanwhile, Grayscale is also seeking approval for its spot BNB ETF and has filed an updated registration statement. (TheBlock)