VanEck BNB ETF Adds Staking with Rewards Program

VanEck's BNB ETF has added staking to its investment objective, allowing it to track the price of BNB, plus rewards from the BNB rewards program, minus ETF expenses.

The fund's prospectus was rewritten to reflect the new goal, which includes staking rewards, but the fund's page still shows a blank staking yield.

VanEck will only stake BNB if it deems the move free of undue legal or regulatory risk, which includes protecting the fund's grantor trust status.

The fund started in May 2026 without the reward process and is expected to begin staking shortly after October 1.

The fund plans to stake all its BNB except for a reserve to cover expected redemptions, and the share can shift with redemptions and market conditions.

The fund held 3,494.433 BNB on October 2, with net assets near $2.67 million, and the rewards program is expected to start soon.

The rewards program will be handled by three firms: BitGo, Figment, and Anchorage Digital, which will take 4% of the rewards.

The fund's page still shows blanks for the percent staked, gross yield, and net yield, and the 18.85% gain since inception comes from BNB's price moves.

The rewards will arrive as BNB, minus the 4% fee, and will show up in the daily net asset value, and VanEck intends to make quarterly cash payouts of net rewards, funded by selling BNB.

The rewards program yields may change often and can even be zero or negative, and unstaking isn't instant, with a seven-day unbonding period, which can slow redemptions if many holders exit at once.