VanEck plans to launch a BNB ETF, ticker symbol VBNB.

According to filings with the U.S. Securities and Exchange Commission (SEC), VanEck Digital Assets plans to launch a VanEck BNB ETF. This spot ETF aims to directly hold BNB tokens and track their price performance, deducting trust operating expenses. It is expected to list on Nasdaq under the ticker symbol VBNB. The trust will assess its asset value daily based on the MarketVector BNB Index, and no staking activity has been conducted yet. VanEck stated that if staking occurs in the future, it will be done through a third-party staking service provider, with advance notice to investors. This trust is not regulated under the Investment Company Act of 1940 or the Commodity Futures Trading Commission (CFTC), and carries a high level of investment risk, potentially resulting in total loss.