The new #VIRBNB (VIRBNB) ticker has now officially started trading on Nasdaq Stockholm, giving investors a regulated and exchange-listed way to get exposure to BNB, the main token of the BNB Chain ecosystem created by Binance.
#VIRBNB is a 100% physically-backed crypto ETP, meaning it holds real BNB on a 1:1 basis. This makes it a secure and transparent option for investors who want access to one of the biggest digital assets, without needing to manage wallets or use crypto exchanges directly.
The product is traded in Swedish Krona (SEK) and has an annual management fee of 1.95%. Coinbase is acting as the custodian, protecting the underlying BNB and providing an extra layer of institutional-level security.
The launch of VIRBNB is another strong sign that institutional demand for regulated crypto investment products is growing, especially beyond just Bitcoin and Ethereum. As traditional finance continues to connect more with digital assets, ETPs like this will make crypto investing easier for a wider range of investors.
📊 Market Update:
BTC — 89,591.82 (+1.81%)
BNB — 904.29 (+2.73%)
PEPE — 0.00000505 (+1.61%)