VanEck BNB ETF (VBNB)

VanEck BNB ETF (VBNB) is an exchange-traded product that provides exposure to BNB, the native token of the BNB Chain ecosystem originally created by the Binance cryptocurrency exchange. It is designed to reflect the price of BNB, less expenses, without investors having to hold or safeguard the token directly.

BNB is used to pay transaction fees on BNB Chain, to participate in network staking and governance, and for various uses within the related exchange ecosystem. The fund holds the token through a custodian, so its value moves with BNB's market price.

The fund is sponsored by VanEck, a New York-based asset manager with a lineup of digital asset ETFs.