The ticker of this exchange-traded fund (ETF) will be VBNB.
In principle, the financial instrument will not include the staking function.
VanEck, a digital asset management firm, updated the forms corresponding to its exchange-traded fund (ETF) based on BNB, a cryptocurrency launched by Binance, with the US Securities and Exchange Commission (SEC).
In updating the S-1 form, It is highlighted that the VanEck BNB ETF will be listed on the Nasdaq with the ticker VBNB.
The document presented to the SEC clarifies that, in principle, this financial instrument will not include the option of staking, a mechanism through which investors can receive additional income.
VanEck’s application to launch a BNB ETF represents a key step forward in bringing this asset closer to institutional investors and facilitating its integration into regulated portfolios.
Until now, BNB did not have a direct access channel from the US exchanges, Therefore, this initiative aims to further legitimize the asset within the traditional financial system.
The arrival of these regulated products could increase BNB’s exposure among traditional investors and bring more liquidity to the Binance ecosystem.
ETFs facilitate the entry of corporate and business capital, since Its operation is similar to that of acquiring a share in the marketas explained by CriptoNoticias.