LATEST: VanEck Launches the First U.S. Spot BNB ETF Under the Ticker Symbol VBNB

VanEck has launched the first U.S. spot BNB ETF under the ticker VBNB. Listed on Nasdaq, the fund provides direct exposure to BNB, the native cryptocurrency of the BNB Chain, by holding physical BNB in cold storage with a qualified custodian.

The ETF, sponsored by VanEck Digital Assets, tracks BNB’s spot price with a 0.39% sponsor fee. It reported around $1.01 million in net assets shortly after launch on May 28, 2026, following initial SEC filings in 2025 and subsequent amendments. This marks an expansion of U.S. crypto ETF offerings beyond Bitcoin and Ethereum.

Trump Says He ‘Saved’ Crypto, But Did Bitcoin, Ethereum, XRP Actually Benefit?

President Trump on Wednesday posted on Truth Social that he saved the American crypto industry from Gary Gensler’s “Anti-Crypto Army,” declaring America is now the “Crypto Capital of the World.”

What Trump Actually Did For Crypto Since Taking Office

The policy record backs him up on several fronts.

Trump signed the GENIUS Act in July 2025, creating the first federal stablecoin framework with full dollar backing and annual audits—it passed the Senate 68-30 after Trump personally called holdout senators. 

Earlier that same year, he signed an executive order establishing a Strategic Bitcoin Reserve using roughly 200,000 Bitcoin from government seizures worth about $17 billion. 

Benzinga

Anthony Pompliano Sees Bitcoin Hitting $1 Million ‘If The US Government Does Not Stop Printing Money’

Why Bitcoin Has Struggled

In a CNBC Squawk Box interview on Thursday, Pompliano said investors are frustrated because Bitcoin has lagged while stocks, especially AI-linked names, have captured momentum.

“The AI trade is really sexy,” Pompliano stated. “People like the shiny thing, the thing that’s going up.”

Pompliano attributed Bitcoin’s recent underperformance to several factors:

Traders chasing AI and semiconductor momentum

Wall Street taking a larger role in Bitcoin price discovery

Bitcoin maturing as an asset

Volatility compressing as market size grows

Investors should not expect Bitcoin to repeat its early-cycle behavior when it could surge 20x in a year before crashing…

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Sequans (SQNS) Completes Bitcoin Unwind, Exits Digital Asset Strategy After Less Than A Year

Sequans Communications (NYSE: SQNS), the Paris-based cellular IoT semiconductor company, has completed the full redemption of its remaining convertible debt, funded by the sale of a portion of its Bitcoin holdings — bringing a short-lived and costly digital asset treasury experiment to a close.

The company now holds approximately 658 BTC, described as “fully unencumbered,” following the retirement of all convertible notes issued in July 2025. Sequans said it plans to monetize the remaining Bitcoin over time, though it did not specify a timeline or method.

Sequans’ bitcoin bet that backfired

The retreat caps a strategy that began in June 2025, when Sequans announced…

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Bitcoin Price Falls 5.5% In 5 Days To Below 73,000

Bitcoin price has fallen more than 5.5% over the past week, sliding from above $77,000 to around $72,600 on Thursday as risk sentiment weakened. The move extends a broader pullback from early May’s highs above $82,000, leaving bitcoin price trading near 6–7% lower week-on-week as surging spot ETF outflows and US‑Iran tensions pressure prices.

BlackRock’s iShares Bitcoin Trust recorded $527.84 million in net outflows on Wednesday, its second-largest single-day withdrawal since the fund launched in January 2024 — falling short of the all-time record by roughly $500,000. The figure lands within a broader retreat across the U.S. spot bitcoin ETF complex, which together shed…

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UTXO Enters Bitcoin Staking On Stacks, Targets BTC Yield

Bitcoin-native asset management company UTXO Management has become one of the first institutional participants in Bitcoin Staking on the Stacks network, marking a notable shift in how corporate Bitcoin holdings may be used.

The initiative introduces a structure that allows institutions to earn bitcoin-denominated yield without transferring custody or moving assets off the Bitcoin base layer. 

For treasury managers holding large BTC reserves, the model presents a new option that preserves core Bitcoin properties while addressing rising pressure to generate returns.

Bitcoin Staking on Stacks requires participants to lock BTC in a Bitcoin timelock alongside a smaller allocation…

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BlackRock’s IBIT Bitcoin ETF Sees $527 Million Outflow: What Is Going On?

BlackRock’s iShares Bitcoin Trust (NASDAQ:IBIT) shed $527.84 million on Wednesday, its second-largest single-day outflow, as US airstrikes near the Strait of Hormuz reignited Middle East tensions.

All 11 US Spot Bitcoin ETFs Lost $733M In A Single Day

The complex has now posted outflows for several consecutive sessions, pulling more than $2 billion from the market over two weeks as Bitcoin slid from above $82,000 on May 6 to under $73,000.

Wednesday’s IBIT outflow came within $500,000 of the fund’s all-time single-day record of $528.3 million set on January 30. 

IBIT holds roughly $59 billion in assets and accounts for close to 4% of Bitcoin’s total supply, making redemptions from…

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Digital Credit Cannot Be Replicated With Bitcoin And Treasuries

The scale up of STRC and SATA has drawn in many detractors. 

Recently Onramp published a paper highlighting some issues of Digital Credit. There were some errors and the paper was clearly AI-generated in most places. My favorite error actually had little to do with Digital Credit, and it appeared in the preface of the report (imagine you haven’t even started reading the actual paper and you already see a factual error, this is the level of AI we are dealing with). 

Onramp writes on Page 3: “Strategy has released AI-generated advertising featuring a young, attractive model in a tropical setting” 

But a quick viewing of the 30-second ad they are referencing shows that…

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Bitcoin Plunges To $73,000s, Ethereum, XRP Lose Over 3% As Crypto Sell-Off Accelerates

Bitcoin (CRYPTO: BTC) is down 2% over the past 24 hours, falling below its bear market resistance band in what resembles previous midterm-year fakeouts, according to crypto analyst Benjamin Cowen.

Why Traders Are Watching This Level

In a podcast on Wednesdyay, Cowen said Bitcoin’s move above the 20-week SMA near $74,000 and the 21-week EMA lacked the follow-through typically seen during true trend reversals.

Instead, the structure looks like prior midterm-year rallies that briefly pushed above key resistance before rolling over again.

“Bulls come out, dunk on the bears, and then the air gets let out,” Cowen said while comparing the current setup to 2018 and 2022 market behavior.

The past bear…

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Stock Market Today: S&P 500, Dow Futures Decline As US And Iran Exchange Strikes— Snowfalke, Salesforce,

U.S. stock futures fell on Thursday, after a higher close on Wednesday, as all indices ended marginally higher, but the small-cap index, the Russell 200 declined.

A U.S. official, speaking anonymously to Reuters, said American forces struck an Iranian ground control station in Bandar Abbas that was allegedly preparing to launch attack drones.

The official also said U.S. forces shot down four one-way drones that posed a threat near the Strait of Hormuz. “These actions were measured, ‌purely ⁠defensive, and intended to maintain the ceasefire,” the official said

Meanwhile, the 10-year Treasury bond yielded 4.50%, and the two-year bond was at 4.05%. The CME Group’s FedWatch tool‘s…

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