VanEck says its spot BNB ETF, VBNB, pulled in $97 million on Friday — a figure that would dwarf the fund's entire asset base. Independent tracker Glassnode reported zero net flows for the fund as of October 2, 2026, and the reported inflow has not been independently verified.
VanEck's VBNB reported a $97 million inflow on Friday, according to the issuer, in what would be the fund's first major flow since its US debut earlier this year. Glassnode reported zero net flows for VBNB as of October 2, 2026, and the figure has not been independently verified by major reporting sources.
A big number meets a small fund
VBNB launched on May 28, 2026, as the first spot exchange-traded fund in the US offering direct exposure to BNB, the native token of BNB Chain. The fund holds actual BNB rather than futures contracts tied to its price, and it charges a sponsor fee set at 0.39%, with Anchorage Digital Bank serving as the initial custodian.
As of early October 2026, VBNB held roughly $2.3 million to $2.7 million in assets under management. A $97 million single-day inflow would dwarf that entire asset base many times over, and daily volume in one instance came in at approximately $13.8k.
Custody and staking changes add detail
VanEck amended its custody arrangements to add BitGo as a second custodian alongside Anchorage. In a September 25, 2026 amendment, VanEck named Figment as a staking validator for the fund. Staked assets will carry a 4% fee on staked holdings. VanEck also updated the fund's objectives so that staking now sits as a secondary goal next to tracking BNB's spot price.
Chain activity hasn't moved the fund
VanEck pointed to around 33 million monthly active users and 2.1 million daily active users on BNB Chain. It also highlighted that the chain generates approximately $160 million in annual revenue. Yet on-chain activity has not translated into money flowing into the ETF. Other altcoin ETFs have seen notable inflows in recent weeks, while VBNB's flow data had shown no comparable movement before Friday.
Glassnode's zero-flow reading and VanEck's $97 million figure still point in opposite directions, with only VBNB's own asset-under-management numbers able to settle which one holds.
Source: Crypto Briefing
Trading involves risk.
Risk Disclaimer
