VanEck BNB ETF Drops Staking Option, Warns of Underperformance vs Holding BNB in SEC S-1 Filing

COINOTAG News reports that VanEck filed its latest S-1 with the SEC on November 21, signaling a material shift for the proposed BNB ETF: there will be no staking feature at listing, and the fund will not receive any staking income.

VanEck notes that removing the staking option could leave the ETF with a muted return relative to a direct BNB position, potentially introducing tracking error against the underlying asset and limiting income generation for investors.