#vbnb

➤ VanEck has launched the first US spot BNB ETF (VBNB) on Nasdaq, offering direct exposure to BNB, the native token of the BNB Chain ecosystem. ➤ The ETF is custodied by Anchorage Digital Bank and aims to provide investors with access to BNB through traditional brokerage accounts. ➤ This launch signifies an expansion of single-asset crypto ETFs beyond Bitcoin and Ether, with BNB Chain's fundamentals, including high transaction volume and stablecoin usage, underpinning the move.

➤ VanEck has launched the first U.S. spot BNB ETF (VBNB) on NASDAQ, offering direct exposure to Binance Coin. ➤ Despite the historic ETF debut, BNB's price has declined over 2% due to bearish market sentiment and geopolitical tensions. ➤ Technical indicators suggest continued weakness for BNB, with open interest in futures contracts contracting.