VanEck Digital Assets is set to launch a BNB ETF, according to recent filings with the U.S. Securities and Exchange Commission. The ETF, which will trade under the ticker symbol VBNB on Nasdaq, is designed to directly hold BNB tokens and track their price performance, minus trust operating expenses. The trust will calculate its asset value daily using the MarketVector BNB Index. The ETF is not regulated under the Investment Company Act of 1940 or by the Commodity Futures Trading Commission, indicating a high investment risk. VanEck has clarified that any future pledging activities will be conducted through a third-party service provider with prior notice to investors. Van Eck Associates Corporation has already purchased seed shares worth $100,000, and the ETF has been registered in Delaware.