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VBNB on Nasdaq

VanEck BNB ETF

VanEck BNB ETF is an American commodity contracts brokers and dealers company based in New York.2 Its shares trade on Nasdaq under the symbol VBNB.2

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Last updated Oct 21, 2026.

Overview

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  • TickerVBNB on Nasdaq2
  • IndustryCommodity Contracts Brokers & Dealers2
  • HeadquartersNew York, United States2
  • Incorporated inDE3
  • Business addressC/O Vaneck Digital Assets, Llc, 666 Third Avenue, 9Th Floor, New York, Ny 100173
  • Filer category, Emerging growth company3
  • Legal formFUND2
  • Kind of organizationFund2
  • LEI2549007N1ILCI4Q7LJ962
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressC/O CSC DELAWARE TRUST COMPANY, 19808 Wilmington, United States2
  • Registered withSecurities and Exchange Commission, 00020668242

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None of the information on the Index Administrator’s website is incorporated by reference into this Annual Report on Form 10-K.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Every line of the balance sheet as filed: the last 2 fiscal years (annual) or 2 quarters (quarterly), latest first.5

Period ending2026-06-302026-04-30
Investment in BNB, at fair value (cost $2,450,388)$2.1M
Total assets$2.1M
Accrued Sponsor fee$712
Total liabilities$712
Net assets$2.1M$100.0K
Shares issued (in Shares)100.0K shares
Shares outstanding (in Shares)100.0K shares
Net Asset Value per Share (in Dollars per share)$21.41$25.00
Investment in BNB, at cost$2.5M
Shares par value (in Dollars per share)$0

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Subsidiaries and ownership

Fund manager

Ownership links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); each one cites its LEI record.

Timeline

  1. Sep 29, 20268-K Entered a material agreement6
  2. Aug 7, 20268-K Entered a material agreement7
  3. Mar 31, 2025Founded VanEck BNB ETF is founded2

Filings

19 filings to the SEC since October 2021: 1 annual reports, 2 major events, 16 other. The latest 19:

  1. Oct 1, 2026424B3 EDGAR
  2. Sep 29, 2026POS EX EDGAR
  3. Sep 29, 20268-K EDGAR
  4. Sep 25, 2026424I EDGAR
  5. Sep 17, 202610-K EDGAR
  6. Sep 11, 2026424B3 EDGAR
  7. Sep 11, 2026POS EX EDGAR
  8. Aug 7, 20268-K EDGAR
  9. May 28, 2026FWP EDGAR
  10. May 27, 2026EFFECT EDGAR
  11. May 27, 2026424B3 EDGAR
  12. May 27, 2026CERT EDGAR
  13. May 22, 20268-A12B EDGAR
  14. May 15, 2026S-1/A EDGAR
  15. Apr 28, 2026S-1/A EDGAR
  16. Mar 16, 2026S-1/A EDGAR
  17. Nov 21, 2025S-1/A EDGAR
  18. Oct 30, 2025S-1/A EDGAR
  19. May 5, 2025S-1 EDGAR

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Van Eck Associates Corp40,000$848.8K0.0%New
Flow Traders U.s. LLC35,759$7590.0%New

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How VanEck BNB ETF is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARVanEck BNB ETF1
  • CIK0002066824
  • Employer ID (EIN)33-69883094
  • Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; not a shell company4
  • Incorporated inDelaware4
  • Fiscal year endsJune 301
  • Industry code (SIC)6221 Commodity Contracts Brokers & Dealers1
  • SEC reviewing officeOffice of Crypto Assets, Division of Corporation Finance1
  • Business addressC/O Vaneck Digital Assets, Llc, 666 Third Avenue, 9Th Floor, New York, NY 100171
  • Phone212-293-20001
  • Shares outstanding90,000 shares as of Aug 31, 20264
  • Public float$0 as of Dec 31, 20255
  • AuditorCOHEN & COMPANY, LTD., Towson, Maryland PCAOB ID 925; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceMay 5, 20251
  • Filings19 in all: S-1/A (5), 424B3 (3), 8-K (2), POS EX (2), 10-K (1), 424I (1), 8-A12B (1), CERT (1)1
    All 11 form types

    EFFECT (1), FWP (1), S-1 (1)

  • Latest filingsAnnual report (10-K) Sep 17, 2026
    Latest 8-K (8-K) Sep 29, 2026

Securities registered for trading

ClassSymbolExchange
SharesVBNBThe Nasdaq Stock Market LLC

From the cover page of the 10-K filed Sep 17, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks VanEck BNB ETF names in Item 1A of its 10-K filed Sep 17, 2026: 76 risks under these headings, as written.4

  • Risks Associated with BNB and the BNB Chain Ecosystem
  • The Trading Prices Of Many Digital Assets, Including BNB, Have Experienced Extreme Volatility in Recent Periods and May Continue To Do So. Extreme Volatility in The Future, Including Further Declines in the Trading Prices Of BNB, Could Have a Material Adverse Effect on the Value of the Shares and the Shares Could Lose All or Substantially All of Their Value.
  • Digital Assets Such As BNB Were Only Introduced Within The Past Two Decades, And The Medium-To-Long Term Value Of The Shares Is Subject To A Number Of Factors Relating To The Capabilities And Development Of Blockchain Technologies And To The Fundamental Investment Characteristics Of Digital Assets.
  • The Value of BNB Is Closely Associated With Binance And The Broader Binance Ecosystem, And Adverse Developments Affecting Binance Could Materially And Adversely Affect The Value of BNB And The Shares.
  • If The Trust Does Not Engage in Staking, Investors May Experience Lower Returns Than Holders Who Directly Stake BNB, And The Performance Of The Shares May Differ From The Total Economic Return Available From Direct Ownership Of BNB.
  • The BNB Chain Ecosystem Was Only Conceived in 2017 and the BNB Chain Ecosystem May Not Function as Intended, Which Could Have an Adverse Impact on the Value of BNB and an Investment in the Shares.
  • Digital Assets Represent a New and Rapidly Evolving Industry, and the Value of the Shares Depends on the Acceptance of BNB.
  • Due to the Nature of Private Keys, BNB Transactions Are Irrevocable and Stolen or Incorrectly Transferred BNB May Be Irretrievable. As a Result, Any Incorrectly Executed BNB Transactions Could Adversely Affect an Investment in the Trust.
  • A Disruption of the Internet May Affect BNB Operations, Which May Adversely Affect the BNB Industry and an Investment in the Trust.
  • BNB And The BNB Chain Ecosystem Have Links To, And May Be Controlled By, Binance And Its Principals.
  • Changes In The Governance Structure of a Digital Asset Network or Protocol May Not Receive Sufficient Support From Users And Validators, Which May Negatively Affect That Digital Asset Network’s or Protocol’s Ability to Grow And Respond to Challenges.
  • Digital Asset Networks Are Developed By a Diverse Set of Contributors And The Perception That Certain High-Profile Contributors Will No Longer Contribute to the Network Could Have an Adverse Effect on the Market Price of the Related Digital Asset.
The other 65 risks
  • The Open-Source Structure of the BNB Smart Chain Protocol Means That the Core Developers and Other Contributors Are Generally Not Directly Compensated for Their Contributions in Maintaining and Developing the BNB Smart Chain Protocol. A Failure to Properly Monitor and Upgrade the BNB Smart Chain Protocol Could Damage the BNB Smart Chain and an Investment in the Trust.
  • Digital Assets May Have Concentrated Ownership and Large Sales or Distributions by Holders of Such Digital Assets, or Any Ability To Participate In or Otherwise Influence a Digital Asset’s Underlying Network, Could Have an Adverse Effect on the Market Price of Such Digital Asset.
  • The BNB Smart Chain Could Be Vulnerable to Centralization Concerns Which Could Adversely Affect the Security and Stability of the BNB Smart Chain As Well As the Value of the Shares.
  • A Temporary or Permanent “Fork” or a “Clone” of the BNB Smart Chain Could Adversely Affect the Value of the Shares.
  • Shareholders May Not Receive the Benefits of Any Forks or “Airdrops.”
  • In the Event of a Hard Fork of the of the BNB Smart Chain, The Sponsor Will, If Permitted By the Terms of The Trust Agreement, Use Its Discretion To Determine Which Network Should Be Considered the Appropriate Network for the Trust’s Purposes, and in Doing So May Adversely Affect the Value of the Shares.
  • In the Event Of A Hard Fork Of The BNB Smart Chain, the BNB Custodian’s Operations May Be Interrupted Or Subject To Additional Security Risks That Could Disrupt the Trust’s Ability To Process Creations And Redemptions Of Shares Or Otherwise Threaten The Security Of The Trust’s BNB Holdings.
  • Any Name Change and Any Associated Rebranding Initiative by the Core Developers of BNB May Not Be Favorably Received by the Digital Asset Community, Which Could Negatively Impact the Value of BNB and the Value of the Shares.
  • If a Malicious Actor, Group or Botnet Obtains Control of a Sufficient Amount of The Validating Power on the BNB Smart Chain, or Otherwise Obtains Control Over the BNB Smart Chain Through its Influence Over Core Developers or Otherwise, Such Actor or Botnet Could Manipulate the BNB Smart Chain to Adversely Affect the Value of the Shares or the Ability of the Trust to Operate
  • We Face Risks Relating to The Potential Compromise of the BNB Smart Chain and Other Cryptocurrencies’ Network Security by Emerging Technologies, Including Artificial Intelligence and Quantum Computing, Which May Materially and Adversely Impact Our Operations and Financial Condition.
  • If Validators Exit the BNB Smart Chain, It Could Increase the Likelihood of a Malicious Actor Obtaining Control.
  • Blockchain Technologies Are Based on Theoretical Conjectures As to the Impossibility of Solving Certain Cryptographical Puzzles Quickly. These Premises May Be Incorrect or May Become Incorrect Due to Technological Advances.
  • MarketVector Has Analyzed BNB Trading Platform Data and Developed Insights That Have Informed Marketvector’s Understanding of the BNB Market and the Design of the Trust. If Such Data or Insights Are Inaccurate or Incorrect, the Value of an Investment in the Trust May Be Adversely Affected.
  • Smart Contracts, Including Those Relating to DeFi Applications, Are a New Technology and Their Ongoing Development and Operation May Result in Problems, Which Could Reduce the Demand for BNB or Cause a Wider Loss Of Confidence in the BNB Smart Chain, Either of Which Could Have an Adverse Impact on the Value of BNB.
  • Popular Decentralized Applications Running on the BNB Smart Chain May Cease To Operate or May Migrate to Competing Blockchains, Which May Negatively Impact the Price of BNB and Make the BNB Smart Chain Network Less Attractive.
  • Validation on the BNB Smart Chain Is Subject to Risks, including Staking Liquidity and Operational Uncertainty on the BNB Smart Chain.
  • Proof-Of-Stake Blockchains Are a Relatively Recent Innovation, and Have Not Been Subject to As Widespread Use or Adoption Over As Long Of A Period Of Time As Traditional Proof-Of-Work Blockchains.
  • Operational Cost May Exceed The Award For Validating Transaction, And Increased Transaction Fees May Adversely Affect The Usage Of The BNB Smart Chain.
  • A Large Validator Exit Could Lead To Congestion and Deactivation Delays On The BNB Smart Chain.
  • Risks Associated with the Digital Asset Markets
  • Recent Developments in the Digital Asset Economy Have Led to Extreme Volatility and Disruption in Digital Asset Markets, a Loss of Confidence in Participants of the Digital Asset Ecosystem, Significant Negative Publicity Surrounding Digital Assets Broadly and Market-Wide Declines in Liquidity.
  • The Value of the Shares Relates Directly to the Value of BNB, the Value of Which May Be Highly Volatile and Subject to Fluctuations Due to a Number of Factors.
  • Digital Asset Networks Face Significant Scaling Challenges and Efforts to Increase the Volume and Speed of Transactions May Not Be Successful.
  • If the Digital Asset Award or Transaction Fees for Recording Transactions on the BNB Smart Chain Are Not Sufficiently High to Incentivize Validators, or If Certain Jurisdictions Continue To Limit or Otherwise Regulate Validating Activities, Validators May Cease Expanding Validating Power or Demand High Transaction Fees, Which Could Negatively Impact the Value of BNB and the Value of the Shares.
  • Due To the Unregulated Nature and Lack of Transparency Surrounding the Operations of BNB Trading Platforms, Which May Be Subject to Regulation in a Relevant Jurisdiction But May Not Be Complying, They May Experience Fraud, Manipulation, Security Failures or Operational Problems, Which May Adversely Affect the Value of BNB and, Consequently, the Value of The Shares.
  • BNB Trading Platforms May Be Exposed to Fraud and Manipulation
  • BNB Trading Platforms May Be Exposed to Front-Running
  • BNB Trading Platforms May Be Exposed to Wash Trading
  • Competition From Central Bank Digital Currencies And Emerging Payments Initiatives Involving Financial Institutions Could Adversely Affect The Value Of BNB And Other Digital Assets.
  • Prices Of BNB May Be Affected Due To Stablecoins (Including Tether And US Dollar Coin (“USDC”)), The Activities Of Stablecoin Issuers And Their Regulatory Treatment.
  • Competition From the Emergence or Growth of Other Digital Assets or Methods of Investing in BNB Could Have a Negative Impact on the Price of BNB and Adversely Affect the Value of the Shares.
  • The Digital Asset Markets Follow Trends, Certain Trends May Favor Certain Blockchains Over Others, a Trend Change Could Affect the Popularity of the BNB Chain Ecosystem.
  • Congestion or Delay on the BNB Smart Chain May Delay Purchases or Sales of BNB by the Trust.
  • The SEC Has Approved Generic Listing Standards For Commodity-based Trust Shares And May Approve Other Applications Under Rule 19b-4 Of The Exchange Act To List Competing Digital Assets As Exchange-traded Products, Which Could Reduce Demand For, And The Price Of, BNB And Adversely Impact The Value Of The Shares.
  • Digital Asset Treasury Companies Risk.
  • A Decline in the Adoption of BNB or the BNB Smart Chain could Negatively Impact the Trust.
  • The Price of BNB May Become Closely Related with Other Asset Classes.
  • Risks Associated with the MarketVectorTM BNB Benchmark Rate
  • The MarketVectorTM BNB Benchmark Rate Has A Limited History.
  • The MarketVectorTM BNB Benchmark Rate Could Fail To Track The Global BNB Price, And A Failure Of The MarketVectorTM BNB Benchmark Rate Could Adversely Affect the Value Of The Shares.
  • The MarketVectorTM BNB Benchmark Rate Used to Calculate the Value of the Trust’s BNB May Be Volatile, Adversely Affecting the Value of the Shares.
  • The MarketVectorTM BNB Benchmark Rate May Be Affected by Manipulative or Fraudulent Practices in the Global BNB Market or at Constituent Trading Platforms.
  • The Index Administrator Could Experience System Failures Or Errors.
  • The MarketVectorTM BNB Benchmark Rate Price Being Used to Determine the Net Asset Value of the Trust May Not Be Consistent with GAAP. To the Extent That the Trust’s Financial Statements Are Determined Using a Different Pricing Source That Is Consistent With GAAP, the Net Asset Value Reported in the Trust’s Periodic Financial Statements May Differ, in Some Cases Significantly, from the Trust’s Net Asset Value Determined Using the MarketVectorTM BNB Benchmark Rate Pricing.
  • The Sponsor Can Remove the MarketVectorTM BNB Benchmark Rate and Use Different Pricing or Valuation Methodology Instead.
  • Intellectual Property Rights Claims May Adversely Affect the Trust and the Value Of the Shares.
  • Risks Associated with Investing in the Trust
  • The Value Of the Shares May Be Influenced by a Variety of Factors Unrelated to the Value Of BNB.
  • The Trust Is Subject to Market Risk.
  • Redemption Liquidity Risk.
  • The NAV May Not Always Correspond To The Market Price Of BNB And, As A Result, Baskets May Be Created Or Redeemed At A Value That Is Different From The Market Price Of The Shares.
  • Authorized Participants’ Buying and Selling Activity Associated with the Creation and Redemption of Baskets May Adversely Affect an Investment in the Shares of the Trust.
  • The Inability of Liquidity Providers, and Authorized Participants or Their Designees To Hedge Their BNB Exposure May Adversely Affect the Liquidity of Shares and the Value of an Investment in the Shares.
  • If the Process of Creation and Redemption of Baskets Encounters Any Unanticipated Difficulties, the Possibility for Arbitrage Transactions by Authorized Participants Intended To Keep the Price of the Shares Closely Linked to the Price of BNB May Not Exist and, As a Result, the Price of the Shares May Fall or Otherwise Diverge From NAV.
  • The Lack of Ability To Facilitate In-Kind Creations and Redemptions of Shares Could Have Adverse Consequences for the Trust.
  • The Liquidity of the Shares May Also Be Affected by the Withdrawal from Participation of Authorized Participants or Liquidity Providers.
  • The Trust Is Subject To Risks Due To Its Concentration of Investments in a Single Asset Class.
  • The Lack of Active Trading Markets for the Shares of the Trust May Result in Losses on Shareholders’ Investments at the Time of Disposition of Shares.
  • Possible Illiquid Markets May Exacerbate Losses, Increase the Variability Between the Trust’s NAV and Its Market Price Or Affect the Trust’s Ability to Meet Cash Creation Orders and Redemption Orders.
  • The Shares May Trade at A Price That Is at, above or below the Trust’s NAV Per Share As a Result of the Non-Current Trading Hours Between the Exchange and the Digital Asset Market.
  • The Trust Is an “Emerging Growth Company” and It Cannot Be Certain If the Reduced Disclosure Requirements Applicable to Emerging Growth Companies Will Make the Shares Less Attractive to Investors.
  • Several Factors May Affect the Trust’s Ability to Achieve Its Investment Objective on a Consistent Basis.
  • The Amount of BNB Represented by Each Share Will Decline Over Time As the Trust Pays the Sponsor Fee and Extraordinary Trust Expenses, and As a Result, the Value of the Shares May Decrease Over Time.
  • The Trust Is a Passive Investment Vehicle. The Trust Is Not Actively Managed and Will Be Affected by a General Decline in the Price of BNB.
  • The Development and Commercialization of the Trust Is Subject to Competitive Pressures.
  • Security Threats to the Trust’s Accounts with the BNB Custodians Could Result in the Halting of Trust Operations and a Loss of Trust Assets or Damage to the Reputation of the Trust, Each of Which Could Result in a Reduction in the Price of the Shares.
  • Loss of a Critical Banking Relationship for, or the Failure of a Bank Used by, the Trust Could Adversely Impact the Trust’s Ability To Create or Redeem Baskets, or Could Cause Losses to the Trust.
  • The Lack of Full Insurance and Shareholders’ Limited Rights of Legal Recourse Against the Trust, Trustee, Sponsor, Administrator, Cash Custodian, and BNB Custodians Expose the Trust and Its Shareholders to the Risk of Loss of the Trust’s BNB for Which No Person or Entity Is Liable.

Sources

The numbers on this page point here. Each one links to the record it came from.

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