VanEck bets BNB’s real-world usage can stand out in a crowded crypto ETF market
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Latest developments: VanEck recently launched the first U.S. spot BNB ETF, trading under the ticker VBNB on Nasdaq.
Key facts
- Io.net's IDE ties token burns to real GPU demand, replacing fixed emissions with a demand-linked model
- live as of 11 June 2026
- Latest developments: VanEck recently launched the first U.S. spot BNB ETF, trading under the ticker VBNB on Nasdaq
- VanEck argues BNB has already achieved the user adoption many crypto projects are still pursuing
- What comes next: VanEck expects staking to eventually become part of the ETF’s value proposition
Summary
VanEck Director of Digital Assets Product Kyle DaCruz said the firm focuses on blockchains with measurable adoption rather than purely technical promises. The ETF has attracted roughly $2 million in assets since launch, according to DaCruz. DaCruz joined CoinDesk's Jennifer Sanasie and Bloomberg's James Seyffart on Public Keys. VanEck argues BNB has already achieved the user adoption many crypto projects are still pursuing.