VanEck's Kyle DaCruz says the firm's new spot BNB ETF, VBNB, can stand out because BNB Chain already has real usage: 33 million monthly active users, 2.1 million daily users, about $100 billion in monthly stablecoin transfers, and $16 billion in stablecoins minted on-chain. The fund has attracted roughly $2 million since launch, but VanEck's bigger pitch is that BNB is a “revenue chain” generating around $160 million annually, with staking potentially adding yield if regulators and operations allow it.

TLDR by @Benthic

More coverage

• [PDF] VBNB Prospectus - VanEck (vaneck.com)
• VBNB - VanEck BNB ETF (US) | Holdings & Performance (vaneck.com)
• VanEck BNB ETF: VBNB Stock Price Quote & News - Robinhood (robinhood.com)
• Just launched: VanEck BNB ETF $VBNB The first ETP offering spot ... (x.com)
• VanEck Introduces First Exchange-Traded Fund Tracking BNB Token (danielpiercelibrary.org)