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VanEck updates the BNB ETF S-1 filing, removing the stake option.
According to Huoxing Finance, on November 25, asset management company VanEck submitted its latest S-1 filing to the U.S. Securities and Exchange Commission (SEC) on November 21, indicating that the BNB ETF will no longer offer staking options. The ETF will not use its BNB for staking activities upon listing, and therefore will not derive any form of staking rewards or income from staking activities. VanEck admitted that the cancellation of the staking option may lead to the ETF's performance lagging behind that of holding BNB.