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VanEck launched the first U.S.-listed ETF tied to Binance Coin (CRYPTO: BNB), expanding investor access to one of the largest cryptocurrencies through a regulated ETF structure.
The new fund, the VanEck BNB ETF (NASDAQ:VBNB), offers direct exposure to Binance Coin without requiring investors to manage crypto wallets or private keys. Shares of the ETF are backed by BNB tokens held in cold storage by Anchorage Digital Bank, providing institutional-grade custody for the underlying assets.
Key Features of the fund:
- Shares are backed by physical BNB held in cold storage
- Expense ratio set at 0.39%
- Allows investors to gain BNB exposure through traditional brokerage accounts
- Eliminates the …
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