PartnershipAug 7, 2026, 05:24 PM
VanEck BNB ETF Appoints BitGo as Second BNB Custodian
AI Summary
VanEck BNB ETF, through its Sponsor VanEck Digital Assets, LLC, has entered into a Second Custodial Services Agreement with BitGo Bank & Trust, National Association. This agreement, effective August 5, 2026, designates BitGo as a second custodian for the Trust's BNB assets. BitGo will provide a custodial account for holding, depositing, and withdrawing BNB, ensuring the Trust retains full ownership of its assets, with BitGo explicitly prohibited from lending or rehypothecating them.
Key Highlights
- VanEck BNB ETF appointed BitGo Bank & Trust as its second BNB custodian.
- The Custodial Services Agreement was signed on August 5, 2026.
- BitGo will provide a dedicated custodial account for the Trust's BNB assets.
- Services include facilitating deposits and withdrawals of BNB.
- The Trust retains full ownership of its BNB held by BitGo.
- BitGo is prohibited from lending, pledging, or rehypothecating the Trust's BNB.
- BitGo Bank & Trust is a nationally chartered bank supervised by the OCC.
Price Impact