PANews reported on November 25th that, 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 will directly hold BNB tokens and track their price performance, deducting trust operating expenses. It is expected to be listed on Nasdaq under the ticker symbol VBNB.

The trust will assess its asset value daily based on the MarketVector BNB Index and has not yet engaged in any pledging activities. VanEck stated that if pledging occurs in the future, it will be done through a third-party pledging 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. Previously, Van Eck Associates Corporation purchased seed shares for a total of $100,000.

Previous market news: The Vanek BNB ETF has been registered in Delaware .