-VanEck BNB ETF(NASDAQ:VBNB)

VBNB provides exposure to the price of BNB by holding the asset and valuing shares using the MarketVectorTM BNB Benchmark Rate, which sources prices from the BNB trading platforms identified and evaluated through the BITA Exchange Ranking report. This framework evaluates exchanges across multiple categories for regulatory stability, liquidity, data quality, technology and usability. The Trust may also stake a portion of its BNB through approved providers when the Sponsor determines such activity does not introduce undue legal or tax risk, and any staking rewards are reflected in NAV. VBNB processes creations and redemptions with authorized participants in cash or in kind, holds BNB with third party custodians, and does not use leverage or derivatives. Overall, the Trust offers a regulated structure for gaining BNB exposure and eligible staking rewards without requiring direct management of digital asset custody.