VanEck BNB ETF reports $97M inflow on Friday as trackers show a quieter picture
Key Summary
The VanEck BNB ETF reported a $97 million inflow on Friday, its first major flow since its US debut in May 2026. The fund, trading under the ticker VBNB, holds approximately $2.3 million to $2.7 million in assets under management. A $97 million single-day inflow dwarfs the entire asset base many times over, with daily volume reaching approximately $13.8k. This move comes after operational changes, including the addition of BitGo as a second custodian and Figment as a staking validator. Despite strong chain metrics, including 33 million monthly active users and $160 million in annual revenue, the fund has seen limited money flow into it.
The significant inflow could signal growing investor interest in altcoin ETFs, potentially influencing future fund strategies and market dynamics.