BULL15d ago
VanEck Launches First U.S. Spot BNB ETF on Nasdaq
VanEck has launched the first U.S. spot BNB ETF on Nasdaq under the ticker VBNB, with a 0.39% sponsor fee and custody through Anchorage Digital Bank. Blackperp's engine shows extreme short squeeze risk on BNB perps, with $644.67M in short liquidations stacked above current price and 170.5% of open interest at risk on the short side. Broader altcoin perp markets — SOL, XRP, DOGE — show similarly crowded short positioning and negative funding, raising the prospect of a multi-asset cascade if ETF inflows build momentum.
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