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VBNB

GradeCNASDAQ Global Market

VanEck BNB ETF Common Shares of Beneficial Interest

Crypto · VanEck · Inception 2026-05-07 · SEC filings

$29.80−0.75 (−2.45%)

As of Sep 23, 2026, 1:53 PM EDT

History starts May 28, 2026.History starts May 28, 2026.History starts May 28, 2026.
Intraday session: down, 26 prints from 30.54 to 29.80. Range 29.48 to 30.37. Use the arrow keys to read each point.$29.60$30.00$30.4010 AM12 PM2 PM4 PM
Expense ratio
0.39%
Fund size
$3M
1Y return
—
Yield · Last 12 months
—
Volume · 30D
0M sh
NAV per share
$31.07
52W range
low $21.15high $31.33

The ETF.net VBNB Grade

C

40/ 100

Rank 21 of 26 in Crypto Spot⁠

Confidence Medium

Six-pillar profile for VBNB. Scores out of 100: Cost 36, Risk 96, Mission not scored, Tradability 48, Holdings not scored, Durability 39. Strongest: Risk (96). Weakest: Cost (36). Based on 4 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 40 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E. A structural cap ceilings this fund at 40, so B and A are out of reach.

Ceiling 40 · B and A out of reach

The pillars earned53This cap took−13Published score40 Grade C

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    DScore 36
    Category rank17/26 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    AScore 96
    Category rank1/26 · top 4%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    CScore 48
    Category rank16/26 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    Not scored
    —

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 39
    Category rank21/26 · bottom quartile

Graded as of Sep 22, 2026 · Based on 4 of 6 pillars

Our read on VBNB

ETF.net Research

CThe first U.S. spot BNB ETP. VanEck's trust holds the BNB Chain token itself in cold storage, no futures or leverage, so an asset that once required an exchange wallet now trades in a brokerage account.

Stated mandate

The Trust seeks to reflect the price of BNB and, if staking is implemented, rewards from staking part of its BNB, after operating expenses.

Why people hold it

  1. 01Launched in 2026 as the first U.S. exchange-traded product built for spot BNB exposure, a slot no other fund filled first.vaneck.com
  2. 02Plain plumbing: the trust holds BNB directly, uses no leverage or derivatives, and keeps the coins in cold storage with qualified custodian Anchorage Digital Bank.vaneck.com
  3. 03Staking optionality is written into the mandate: if VanEck turns it on, rewards flow to the trust, and shareholders get told via an SEC filing.sec.gov
  4. 04Built as a grantor trust, so the trust itself isn't taxed federally; each holder is treated as owning a pro rata slice of the BNB inside it.sec.gov

Worth knowing

  1. 01The 0.39% sponsor fee runs a shade above the typical single-asset crypto fund in its group, where names like XRP and GXRP sit lower.
  2. 02No staking at launch, and the filings say the BNB may stay unstaked indefinitely. Until that changes, shares track price only, less expenses.sec.gov
  3. 03One token, no hedging: VanEck's own disclosure calls BNB highly volatile and says the trust won't try to avoid losses. It also trades lighter than the bitcoin and ether giants.vaneck.comsec.gov

VBNB Holdings

As of Sep 20, 2026, 6:07 AM
Asset class
Other
Holdings
—
Top-10 weight
100%
Largest holding
Bnb100.0%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Bnb100.02%3,496$3M1

Showing 1–1 of 1 holdings

VBNB Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

VBNB$13,309
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. VBNB $13,309. SPY $10,415. Use the arrow keys to read each point.$8,902$11,394$13,886Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for VBNB. Periods over one year show the average yearly return.
PeriodVBNB
Year to dateFund launched this year—
1 month+17.0%
3 months+33.1%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for VBNB
YearReturn barVBNB
2026 YTD+22.9%

History from May 28, 2026

VBNB in the news

ETF.net Research hasn’t filed on VBNB yet — coverage lands here as it’s written.

VBNB Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
—Last 12 months
Payout per share
—Last 12 months

Listed May 2026. No distributions yet.

VBNB Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched May 2026; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched May 2026; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched May 2026; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.55
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

VBNB Cost

Expense ratio0.39%
  • The middle half of Crypto Spot funds
  • Median 0.35%

16 of the 26 Crypto Spot funds charge less.

VBNB costs $39.00 a year on $10,000. The median Crypto Spot fund costs $35.00.