VanEck BNB ETF assets dip slightly on October 2

VanEck’s BNB exchange-traded fund, trading under the ticker VBNB on Nasdaq, reported $2.674 million in assets under management on October 2. This marked a slight decrease from the $2.688 million recorded on October 1. The figures represent the fund’s assets under management, not direct investor deposits or withdrawals.

The fund had $2.58 million in net assets as of September 9, though this figure is from a different reporting period. On September 25, a filing revealed updates to the fund’s custody and staking arrangements, including the addition of BitGo as a second BNB custodian, Figment as a validator, and a 4% fee on staked assets.

VBNB aims to track BNB’s price and potential staking rewards, subject to the sponsor’s discretion. The fund’s inception date was May 7, 2026, with public trading beginning on May 28. The fund’s expense ratio stands at 0.39%.