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VanEck launches first U.S. spot BNB ETF VBNB

Asset manager VanEck has launched the first U.S. spot exchange-traded fund linked to Binance Coin (BNB). The ETF, ticker VBNB, allows U.S. investors to gain exposure to BNB through traditional brokerage accounts in an exchange-traded product structure. VanEck said the physically backed fund holds BNB kept in cold storage by a qualified custodian and is designed to track the spot price, with potential staking subject to regulatory and legal requirements.