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Launched · SEC filings

VanEck BNB ETF Common Shares of Beneficial Interest

VBNBNasdaqVanEckB

$26.94−0.16 (−0.58%)

At close: Nov 2, 2026, 4:00 PM ET

B55/ 100

Rank 16 of 26 in Crypto Spot

B55/100Rank 16 of 26inCrypto Spot
Intraday session: down, 79 prints from 27.10 to 26.94. Range 26.90 to 27.32. Use the arrow keys to read each point.27.0027.2027.3010 AM12 PM2 PM4 PM
Expense ratio
0.39%
Fund size
$92M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
1
Avg volume · 30D
2.87K sh
52W range
low $21.15high $31.33
Launched
Filings
SEC EDGAR

The ETF.net VBNB Grade

Based on 5 of 6 pillars

B

Score 55 out of 100

Category
Crypto Spot⁠
Rank
16 of 26
Six-pillar profile for VBNB. Scores out of 100: Cost 36, Risk 94, Mission not scored, Tradability 53, Holdings 54, Durability 61. Strongest: Risk (94). Weakest: Cost (36). Based on 5 of 6 pillars.

Score 55 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    D36 out of 100
    Rank 17 of 26

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A94 out of 100
    Rank 1 of 26

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C53 out of 100
    Rank 13 of 26

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C54 out of 100
    Rank 3 of 7

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B61 out of 100
    Rank 7 of 26

Our read on VBNB

ETF.net Research

In short

BThe 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

  • Launched in 2026 as the first U.S. exchange-traded product built for spot BNB exposure, a slot no other fund filled first.vaneck.com
  • Plain 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
  • Staking 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
  • Built 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

  • The 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.
  • No staking at launch, and the filings say the BNB may stay unstaked indefinitely. Until that changes, shares track price only, less expenses.sec.gov
  • One 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 Performance

Launched May 7, 2026

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

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
VBNB$11,869
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,141
Jul 31, 2026 to Oct 30, 2026. VBNB $11,869. SPY $10,141. Use the arrow keys to read each point.$10,000$11,000$12,000$13,000Jul 2026Sep 2026Oct 2026

Jul 31, 2026 – Oct 30, 2026

Returns run to the Oct 30, 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 yearNo data
1 month−8.7%
3 months+18.7%
1 yearFund is under 1 year oldNo data
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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+9.0%

History from May 28, 2026

VBNB in the news

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 Oct 30, 2026.
No dataLast 12 months
Payout per share
No dataLast 12 months

Listed May 2026. No distributions yet.

VBNB Risk

Risk pillarA94 out of 100Rank 1 of 26 in Crypto Spot
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.

FMP measures it over up to five years of monthly returns.

VBNB Cost

Compare VBNB and XRPZ

Overpaying vs XRPZ, cheapest in Crypto Spot

$3,946

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • VBNB 0.39%

    $7,898

  • XRPZ 0.19% Cheapest

    $3,952

$10,000
30 years

Cost over time

  • VBNB 0.39%
  • XRPZ 0.19%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530VBNB $7,898XRPZ $3,952

Year by year

YearVBNBXRPZOverpaying
10$705$347$358
20$2,725$1,351$1,374
30$7,898$3,952$3,946

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