Here are the 424B prospectus supplements from VanEck BNB ETF (VBNB) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 424B covers the supplement that carries the terms of a priced offering, so if you follow VBNB and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full VBNB filings page.
VanEck BNB ETF (VBNB) is conducting a continuous offering and registering an indeterminate number of Shares. The Trust holds BNB and seeks to reflect its price and, when the Sponsor determines staking can occur without undue legal or regulatory risk, rewards from staking, less Trust expenses. Shares are created and redeemed with authorized participants in 10,000-share Baskets through cash or in-kind transactions; individual shareholders trade on Nasdaq and may buy or sell at a premium or discount to NAV.
The Sponsor Fee is 0.39%. BitGo is expected to receive 4.0% of staking rewards as provider consideration, deducted before rewards are credited to the Trust. Undelegated BNB is subject to a currently seven-day Unbonding Period, during which it earns no rewards and cannot be withdrawn, transferred, sold or re-delegated, potentially delaying redemptions. The Trust is passive and does not use derivatives or leverage. BNB price volatility, custody, staking, network and regulatory risks could result in substantial or total loss; the Trust is not registered under the 1940 Act.
VanEck BNB ETF (VBNB) is updating its prospectus to add BitGo Bank & Trust, National Association as a Second BNB Custodian alongside Anchorage Digital Bank N.A., now the First BNB Custodian. Both custodians will hold the Trust’s BNB in segregated, cold-storage blockchain addresses and may also provide Fiat Accounts.
The supplement details that BNB held with either custodian remains the Trust’s property, segregated from custodian assets, and that BitGo’s accounts are structured as Article 8 “financial assets” in a “securities account” with BitGo as “securities intermediary.” As of this supplement, no BNB has been transferred to BitGo. The filing also restates custody-related risk factors, emphasizing security threats, limited insurance protections, and liability limitations under the custody agreements.
VanEck BNB ETF (VBNB) is registering an indeterminate number of shares as an exchange-traded fund that will hold BNB and seek to reflect the price of BNB (and staking rewards only if the Sponsor elects and deems staking legally safe), less Trust expenses. The Trust will list on Nasdaq under Rule 5711(d) once BNB meets eligibility, will transact creations/redemptions in 10,000-Share Baskets via authorized participants, and will value Shares daily using the MarketVector BNB Benchmark Rate. At launch the Trust will not stake its BNB. Seed activity: 4,000 Seed Shares were sold at $25 each for $100,000; on May 7, 2026 the Seed Creation Baskets (40,000 Shares) were created for 1,555.1639998 BNB using an Index price of $643.148 per BNB. The Sponsor Fee is 0.39%, payable monthly in BNB. Material risks include extreme BNB price volatility, custody and private key risk, regulatory uncertainty, and potential divergence from returns available to directly staked BNB holders.