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

According to Odaily Planet Daily, SEC filings reveal that VanEck Digital Assets plans to launch a VanEck BNB ETF. This ETF will be a spot ETF designed to directly hold BNB tokens and track their price performance, after 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 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 investors notified in advance. 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.