VanEck Plans to Launch BNB ETF on Nasdaq

According to PANews, VanEck Digital Assets has filed with the U.S. Securities and Exchange Commission (SEC) to introduce the VanEck BNB ETF. This spot ETF aims to directly hold BNB tokens and track their price performance, minus trust operational fees. It is expected to be listed on Nasdaq under the ticker VBNB. The trust will evaluate its asset value daily based on the MarketVector BNB Index and has not engaged in any staking activities yet. VanEck has stated that if staking occurs in the future, it will be conducted through a third-party staking service provider, with investors being notified in advance. The trust is not regulated under the Investment Company Act of 1940 or by the Commodity Futures Trading Commission (CFTC), presenting a higher investment risk that could result in total loss. Previously, Van Eck Associates Corporation purchased seed shares totaling $100,000. Earlier reports indicated that the VanEck BNB ETF was registered in Delaware.