VanEck asserts that BNB’s active user engagement and revenue production present a more compelling long-term investment compared to many blockchain initiatives that are still in the conceptual phase.
By AI Boost|Edited by Jennifer Sanasie Jun 12, 2026, 4:05 p.m. 2 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred onLatest developments: VanEck has introduced the first spot BNB ETF in the U.S., trading as VBNB on Nasdaq.
- This fund allows investors to access BNB through standard brokerage platforms.
- According to Kyle DaCruz, Director of Digital Assets Product at VanEck, the firm prioritizes blockchains that demonstrate real-world adoption instead of those that merely make technical claims.
- Since its inception, the ETF has garnered about $2 million in assets, DaCruz reports.
- DaCruz appeared on Public Keys with CoinDesk's Jennifer Sanasie and Bloomberg's James Seyffart.
Why it matters: VanEck contends that BNB has already attained the user adoption that many other crypto projects are still striving for.
- DaCruz noted that BNB Chain boasts 33 million monthly active users and 2.1 million daily active users.
- He highlighted approximately $100 billion in monthly stablecoin transfer volume and $16 billion in stablecoins created on the platform.
- The investment strategy of VanEck revolves around identifying chains with engaged users and economic activity, avoiding what DaCruz refers to as “ghost chains.”
Reading between the lines: VanEck is placing increasing importance on blockchain revenue as a crucial indicator for investors.
- DaCruz pointed out that financial advisors are shifting their focus from technical characteristics of blockchains to sustainable business models.
- He cited BNB and Hyperliquid as instances of “revenue chains” that generate real economic value.
- DaCruz estimates that BNB generates around $160 million in annual revenue.
What comes next: VanEck anticipates that staking will eventually enhance the ETF’s value proposition.
- The firm’s prospectus includes staking possibilities once regulatory and operational conditions permit, according to DaCruz.
- He mentioned that staking could yield returns for investors while also contributing to the security of the proof-of-stake network.
- As the number of crypto ETFs rises, VanEck expects advisors to increasingly adopt active crypto investment strategies.
- 1Elon Musk's SpaceX soars 20% in blockbuster Nasdaq debut1 hour ago
- 2Bloomberg Analyst: Most Bitcoin ETF Investors Have Stayed Put Despite Outflows1 hour ago
- 3Kalshi’s crypto perpetuals spark debate over whether they’re futures or swaps1 hour ago
- 4The U.S. government is betting $2 Billion on quantum computing, and the defense side can't keep up1 hour ago
- 5FTX's Sam Bankman-Fried loses appeal of criminal conviction on fraud, conspiracy charges2 hours ago
- 6XRP sentiment falls to 8-month low, and that has been a buy signal before2 hours ago
- 7CoinDesk 20 performance update: Ethereum (ETH) falls 1% as index trades lower3 hours ago
- 8For crypto, SpaceX's stock market debut could go either way5 hours ago
- 9Monero price rockets 33% to $438 amid $120 million onchain laundering maze5 hours ago
- 10While bitcoin holds near $63,000, some data points to pain ahead for bulls6 hours ago
The Incentive Dynamic Engine: A New Era for io.net Tokenomics
The Incentive Dynamic Engine: A New Era for io.net Tokenomics
io.net's IDE ties token burns to real GPU demand, replacing fixed emissions with a demand-linked model - live as of 11 June 2026.
By CoinDesk Research6 hours agoCommissioned byio.netio.net's IDE ties token burns to real GPU demand, replacing fixed emissions with a demand-linked model - live as of 11 June 2026.
Why it matters:
io.net's IDE ties token burns to real GPU demand, replacing fixed emissions with a demand-linked model - live as of 11 June 2026.
View Full ReportMore From Markets