VanEck Adds Staking to Proposed BNB ETF, Taps Figment as Provider

VanEck has revised its application for a spot BNB exchange-traded fund to include staking as a secondary investment objective, a structural shift that could differentiate the product from a pure price-tracking vehicle if regulators ultimately approve it.

The amendment, submitted to the U.S. Securities and Exchange Commission on September 25, 2026, also names Figment, an institutional staking infrastructure provider, as the designated operator for the staking component. The fund would trade under the ticker VBNB.

Tracking the spot price of BNB remains the fund's primary mandate. Staking is explicitly framed as a supplemental mechanism rather than a repositioning of the product, according to the filing. The asset manager has previously amended its BNB ETF application alongside Grayscale, reflecting the iterative regulatory dialogue that has become standard in the crypto ETF approval process.

VBNB is still a proposed product and has not received regulatory approval. The update should be read as a disclosure change in a pending filing rather than a launch announcement.

The appointment of Figment was disclosed in VanEck's accompanying 8-K filing. The document does not reveal fee arrangements, validator specifics, custody terms for staked assets, or expected yield. Those operational details would require separate filings or fund disclosures to become clear.