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VanEck modifies BNB ETF's S-1 application document, cancels stake option.
Golden Finance reports that asset management company VanEck stated in its latest S-1 filing submitted to the U.S. Securities and Exchange Commission (SEC) that its BNB ETF will no longer offer staking options. This ETF will not use its BNB for staking activities at the time of listing, and therefore will not receive any form of staking rewards or income from staking activities. VanEck acknowledged that the cancellation of the staking option may cause the ETF's performance to lag behind that of holding BNB.