VanEck updates BNB ETF's S-1 filing, removes staking option

BlockBeats News, November 25th - Asset management company VanEck submitted its latest S-1 filing to the U.S. Securities and Exchange Commission (SEC) on November 21st, stating that the BNB ETF will no longer offer a staking option. The ETF will not stake its BNB at the time of listing and will therefore not receive any form of staking rewards or income from staking activities. VanEck acknowledged that the removal of the staking option may result in underperformance of the ETF compared to simply holding BNB.