VanEck BNB ETF

VanEck BNB ETF

VanEek, founded in 1955 by John C. Bogle (a founder of Vanguard), has historically specialized in gold and hard-asset investing. Since launching its Bitcoin Strategy ETF (XBTF) in 2021, the firm has become a leading issuer of crypto ETFs. Its BNB ETF, ticker BNBX, holds BNB directly and began trading on NYSE Arca in early 2024 (per VanEck filings). The BNB ETF offers exposure to Binance Coin, the native token of the Binance exchange. The product targets retail and institutional investors seeking a regulated wrapper for a digital asset often associated with exchange volume. BNBX operates as a grantor trust, holding physical BNB. VanEck does not disclose exact AUM for this ETF separately; the fund competes against similar products from Bitwise and Hashdex. As of mid-2025, the VanEck BNB ETF had under $20M in AUM (per Bloomberg data). The firm runs a broader crypto platform including futures and spot Bitcoin ETFs, Ethereum ETFs, and a digital-asset-focused venture. VanEck is a publicly owned asset manager with subsidiaries in Australia and Europe. In September 2024, it filed to convert its BNB ETF into a physically backed structure (per SEC filings). VanEck's structural differentiator is its willingness to launch narrow crypto ETFs targeting a single altcoin, differentiating from broader index-based competitors. The BNB ETF relies on Coinbase Custody for safekeeping, a departure from many crypto ETFs that use Gemini or self-custody. This custody arrangement may influence institutional adoption.