Key Highlights

  • VanEck BNB ETF amended its BitGo custodial agreement on September 25, 2026 to name Figment as its BNB staking validator.
  • The amendment also provides for a 4% staking assets validator fee, according to the filing.
  • BitGo is the trust's second BNB custodian under a Custodial Services Agreement dated August 5, 2026.
  • The remaining provisions of the Second Custody Agreement remain effective and unchanged, per the full amendment in Exhibit 10.1.

VanEck BNB ETF (NASDAQ:VBNB), a Delaware trust listed on Nasdaq under the symbol VBNB, has amended its agreement with a second BNB custodian to name Figment as the validator for the trust's BNB staking. The change was reported in a Form 8-K filed September 29, 2026 under Item 1.01, the item used for entry into a material definitive agreement.

The amendment itself is dated September 25, 2026.

What the Amendment Does

The filing states that on September 25, 2026 VanEck Digital Assets, LLC, the trust's sponsor, acting on behalf of the trust, and BitGo Bank & Trust, National Association entered into an amendment to the Custodial Services Agreement dated August 5, 2026. The filing calls that agreement the Second Custody Agreement, and BitGo is described as the second BNB custodian. The company quotes the operative language: Schedule A to the Second Custody Agreement was amended and restated "to identify Figment as the validator with respect to the Trust's BNB staking activities and to provide for a 4% staking assets validator fee."

The full amendment is filed as Exhibit 10.1 and is the document to consult for those terms. The report says that "the remaining provisions of the Second Custody Agreement remain effective and unchanged."

Why the Parties Matter

BNB is the native token of the BNB Chain network, and staking generally means committing tokens to a proof-of-stake network so that a validator can help confirm transactions in exchange for rewards. In an arrangement like this one, the custodian holds the trust's assets while a named validator carries out the staking. Schedule A is the part of the custody agreement that identifies those roles and the associated fee, which is why the amendment focuses on it.

The sponsor, VanEck Digital Assets, LLC, signed the report through Matthew A. Babinsky, a Vice President, on September 29, 2026. The exhibits are the amendment to the BitGo Custodial Services Agreement and the cover page interactive data file. The filing consists of the Item 1.01 description and those exhibits, and it contains no financial statements or performance data for the trust.

Reading a Short Filing

Exchange-traded products that hold digital assets file current reports on Form 8-K when they enter into or change material agreements. This one is narrow. It reports only that a schedule to an existing custody agreement now names a validator and a fee.

What the VBNB Filing Leaves to the Trust's Prospectus

Later filings by the trust, such as periodic reports or prospectus supplements, may describe how staking is carried out and how its results are reflected in the trust's financial statements. The current report sets no dates, approvals or conditions of its own, and it does not say when Figment will begin acting as validator.