VanEck plans to launch a BNB ETF with the ticker VBNB

Jinse Finance reported that, according to documents from the U.S. Securities and Exchange Commission (SEC), VanEck Digital Assets plans to launch the VanEck BNB ETF. This ETF is spot-based and aims to directly hold BNB tokens and track their price performance, minus trust operating expenses. 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 no staking activities have been conducted so far. VanEck stated that if staking is conducted in the future, it will be done through a third-party staking service provider and investors will be notified in advance. The trust is not regulated under the Investment Company Act of 1940 or the Commodity Futures Trading Commission (CFTC), and carries higher investment risks, which may result in total loss. Previously, Van Eck Associates Corporation purchased seed shares with a total amount of $100,000.