VanEck BNB ETF (VBNB) hires BitGo as second BNB custodian
Rhea-AI Filing Summary
VanEck BNB ETF, through its sponsor VanEck Digital Assets, LLC, entered into a Custodial Services Agreement on August 5, 2026 with BitGo Bank & Trust, National Association, a nationally chartered bank supervised by the Office of the Comptroller of the Currency, under which BitGo serves as a second BNB custodian for the trust.
BitGo provides a Second BNB Account that permits BNB to be held in custody, deposited from a public blockchain address, and withdrawn to a public blockchain address as instructed by the trust, along with additional services agreed between the parties. The trust retains all right, title, and beneficial ownership of its BNB, which BitGo must hold separately from other customers’ assets, and BitGo will not lend, pledge, or rehypothecate the trust’s BNB except as authorized by the trust or required by applicable law.
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8-K Event Classification
Item 1.01 — Entry into a Material Definitive Agreement
1 item
Item 1.01
Entry into a Material Definitive Agreement
Business
The company signed a significant contract such as a merger agreement, credit facility, or major partnership.
Key Figures
Agreement date: August 5, 2026
Report date: August 7, 2026
Commission File Number: 001-43313
+2 more
5 metrics
Agreement date
August 5, 2026
Date VanEck Digital Assets, LLC entered the Second Custody Agreement with BitGo Bank & Trust
Report date
August 7, 2026
Date of the current report for VanEck BNB ETF
Commission File Number
001-43313
SEC file number for VanEck BNB ETF
I.R.S. Employer Identification No.
33-6988309
Employer Identification Number for VanEck BNB ETF
Registrant telephone number
(212) 293-2000
Telephone number of VanEck BNB ETF’s principal executive offices
Key Terms
Custodial Services Agreement, beneficial ownership, rehypothecate, public blockchain address, +1 more
5 terms
Custodial Services Agreement financial
"entered into a Custodial Services Agreement with BitGo Bank & Trust"
beneficial ownership financial
"the Trust retains all right, title and beneficial ownership of its BNB"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
rehypothecate financial
"BitGo will not lend, pledge or rehypothecate the Trust's BNB"
public blockchain address technical
"BNB to be deposited from a public blockchain address to the Trust's Second BNB Account"
nationally chartered bank regulatory
"BitGo, a nationally chartered bank supervised by the Office of the Comptroller"
A nationally chartered bank is a bank licensed and overseen by the federal government rather than by a state, meaning it follows nationwide rules and supervision and typically participates in the national deposit insurance and central bank systems. For investors, that federal oversight and uniform rule set can affect a bank’s stability, compliance costs and ability to operate across state lines—much like a business with a national license versus many local permits.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did VanEck BNB ETF (VBNB) disclose in this Form 8-K?
VanEck BNB ETF disclosed that its sponsor, VanEck Digital Assets, LLC, entered into a Custodial Services Agreement with BitGo Bank & Trust on August 5, 2026, appointing BitGo as a second BNB custodian for the trust’s BNB holdings.
Who is BitGo in relation to VanEck BNB ETF (VBNB)?
BitGo Bank & Trust, National Association is a nationally chartered bank supervised by the Office of the Comptroller of the Currency that now acts as the Second BNB Custodian for VanEck BNB ETF under the new Custodial Services Agreement.
What services does BitGo provide under the Second Custody Agreement for VBNB?
Under the Second Custody Agreement, BitGo provides a Second BNB Account that allows BNB to be held in custody, deposited from a public blockchain address, withdrawn to a public blockchain address as instructed by the trust, plus any additional services agreed between the parties.
How are VanEck BNB ETF’s BNB assets treated under the BitGo arrangement?
The agreement states the trust retains all right, title and beneficial ownership of its BNB. BitGo must hold the BNB separately from other customers’ assets and will not lend, pledge, or rehypothecate it except as authorized by the trust or required by law.
When was the Second Custody Agreement for VanEck BNB ETF (VBNB) executed and how is it filed?
The Second Custody Agreement with BitGo was executed on August 5, 2026. Its full text is filed as Exhibit 10.1, titled “BitGo Custodial Services Agreement,” and is incorporated by reference into the current report.
What is the role of VanEck Digital Assets, LLC for VanEck BNB ETF (VBNB)?
VanEck Digital Assets, LLC acts as the Sponsor of VanEck BNB ETF and, in that capacity, entered into the Second Custody Agreement with BitGo Bank & Trust as agent for the trust, establishing BitGo as the second BNB custodian.