A major asset management giant submits a spot BNB ETF application, Nasdaq ticker VBNB

ZkSnarker

2025-11-25 07:30:23

Abstract generation in progress

[Chain News] Big news is here—a veteran asset management giant has officially submitted a registration filing to the SEC for a BNB spot ETF.

The product design is very straightforward: directly buy and hold BNB tokens, track the token’s price movements, and after deducting trust operating costs, the rest is your return. The plan is to list it on Nasdaq, with the stock ticker set as VBNB.

How is daily valuation calculated? They will refer to MarketVector’s BNB index for pricing. As for staking, nothing’s happening just yet, but the filing states that if staking is ever implemented in the future, they’ll partner with a third-party service provider and notify investors in advance.

A quick reminder—this thing is not subject to the Investment Company Act of 1940, and the CFTC (Commodity Futures Trading Commission) doesn’t have jurisdiction either. To put it plainly: there’s less regulatory protection than with traditional funds, so invest at your own risk—don’t complain if you lose everything.

Interestingly, the parent company of this institution has already put up $100,000 to buy seed shares, essentially testing the waters themselves. There were already rumors that they registered this ETF entity in Delaware, and now it looks like they’re serious.

If the path from exchange platform token to a compliant ETF product for BNB works out, it would be a big deal for the mainstream adoption of crypto across the board.

BNB-0.16%

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WhaleWatcher

· 11-28 06:08

How much does this operating cost need to be deducted? I'm afraid it's just another new trick to play people for suckers.

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NFTArchaeologist

· 11-26 05:17

Another BNB ETF is here, and it is not protected by the 1940 Act. This risk... I still think holding coins directly is more reliable.

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DegenMcsleepless

· 11-25 07:58

Wow, another BNB ETF? Is this for real or is it going to fail again?

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GraphGuru

· 11-25 07:52

Another BNB spot ETF? Is it really happening this time? Honestly, I'm feeling a bit numb, haha. ---- VBNB? That ticker... it's okay, I guess. At least it's better than some random ones. ---- Not being bound by the 1940 Act basically means gamblers are on their own—if you lose money, don’t complain. ---- Staking will only be considered later? That’s honestly a bit slow. ---- The parent company is willing to put in $100,000 of their own money. The shareholders must have some confidence. ---- Another ETF coming, but still a long way from mainstream adoption. ---- Is MarketVector’s index reliable? Feels like that’s the key point. ---- With such big regulatory loopholes, if institutions dare to get in and retail follows, something’s bound to go wrong sooner or later. ---- BNB on Nasdaq? That feels a bit strange. ---- At this rate, we might actually see real trading before the end of the year.

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BoredWatcher