VanEck touts BNB usage after launching spot BNB ETF VBNB on Nasdaq

VanEck is betting BNB’s real-world activity and revenue generation can differentiate it in a crowded crypto ETF market after launching the first U.S. spot BNB ETF, VBNB, on Nasdaq. In its second sentence, according to CoinDesk, VanEck Director of Digital Assets Product Kyle DaCruz said the firm targets blockchains with measurable adoption, and the ETF has attracted roughly $2 million in assets since launch. DaCruz cited BNB Chain metrics including 33 million monthly active users, 2.1 million daily active users, about $100 billion in monthly stablecoin transfer volume and $16 billion in stablecoins minted, and said BNB generates roughly $160 million in annual revenue.