VanEck BNB ETF

S-1/A amended

The VanEck BNB ETF (the 'Trust') is an exchange-traded fund seeking to reflect the performance of BNB tokens, less operational expenses. The Trust holds BNB and values Shares daily based on the MarketVector TM BNB Benchmark Rate. It plans to list Shares on Nasdaq under ticker VBNB, contingent on BNB meeting eligibility requirements. The Trust may engage third-party staking services for BNB, though no staking has occurred yet. The Sponsor, VanEck Digital Assets, LLC, oversees operations, with CSC Delaware Trust Company as Trustee and Anchorage Digital Bank as custodian. The Trust registers an indeterminate number of Shares under Rule 456(d) and 457(u), with subscriptions/redemptions conducted in cash or in-kind via Authorized Participants.

S-1/A amended

The VanEck BNB ETF (Trust) aims to track the price of BNB tokens, less operational expenses, by holding BNB and valuing shares daily against the MarketVector TM BNB Index. The Trust is registering an indeterminate number of shares for continuous offering, with shares expected to list on Nasdaq under ticker VBNB. The Sponsor may engage third-party staking services for BNB in the future, though no staking is currently active. Seed Capital Investor initially purchased shares and later redeemed them for BNB, with proceeds used for further trust operations.

S-1/A amended

The VanEck BNB ETF (the 'Trust') is an exchange-traded fund seeking to track the performance of BNB's price and staking rewards. The Trust holds BNB and values its shares daily based on a proprietary index. It issues shares in blocks (Baskets) through authorized participants, with redemption processes involving cash or in-kind transactions. The Trust is not registered under the 1940 Act and operates without traditional regulatory oversight, emphasizing risks tied to cryptocurrency volatility and staking activities.

S-1 filed

VanEck BNB ETF (the 'Trust') is an exchange-traded fund registering an indeterminate number of shares to track the price of BNB, the native token of the BNB Chain, less operational expenses. The Trust will hold BNB and value shares daily based on an index derived from top BNB trading platforms. It intends to list on an exchange under a ticker symbol, with shares redeemable in blocks (Baskets) through authorized participants. The Trust is an emerging growth company and not regulated under the Investment Company Act of 1940. Potential staking activities for BNB are mentioned, contingent on regulatory approval.