VanEck BNB ETF reports $97M inflow on Friday as trackers show a quieter picture

The VanEck BNB ETF pulled in $97 million on Friday, according to VanEck. That would be the fund’s first major flow since its US debut earlier this year.

A big number meets a small fund

The fund trades under the ticker VBNB. It 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.

Spot means the fund holds actual BNB rather than futures contracts tied to its price. Buy a share, and somewhere a custodian is holding the real tokens on your behalf.

The sponsor fee is set at 0.39%. Anchorage Digital Bank served 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.

Daily volume in one instance came in at approximately $13.8k.

Glassnode reported zero net flows for VBNB as of October 2, 2026. The reported $97 million inflow has not been independently verified by major reporting sources.

Operational changes have done most of the talking

VanEck amended its custody arrangements to add BitGo as a second custodian alongside Anchorage.

In a September 25, 2026 amendment to its custody agreement, VanEck named Figment as a staking validator for the fund. Staking assets will carry a 4% fee on staked holdings.

VanEck updated the fund’s objectives so that staking now sits as a secondary goal next to following the spot price of BNB.

Strong chain metrics, soft fund demand

VanEck pointed to around 33 million monthly active users and 2.1 million daily active users on the network. VanEck also highlighted that BNB Chain generates approximately $160 million in annual revenue. The chain sees significant stablecoin trading activity too.

On-chain activity has not translated into money flowing into the ETF.

What this means for VBNB and altcoin ETFs

Other altcoin ETFs have seen notable inflows in recent weeks, while VBNB’s flow data had shown no comparable movement before Friday.

The 4% fee on staked assets will eat into any staking rewards passed along to shareholders.

Watch whether flow trackers such as Glassnode reflect the reported inflow, whether assets under management climb past their early October range, and whether staking changes the fund’s appeal once it is fully running.

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.