VanEck BNB ETF Adds BitGo as Second BNB Custodian

What Happened VanEck BNB ETF (filed via Sponsor VanEck Digital Assets, LLC) announced on August 5, 2026 that it entered into a Custodial Services Agreement with BitGo Bank & Trust, National Association. Under the agreement BitGo will serve as a second BNB custodian and provide a dedicated custodial account (the "Second BNB Account") to hold, receive (from public blockchain addresses) and withdraw BNB on the Trust’s instructions.

Key Details

• Agreement date: August 5, 2026; reported on Form 8-K (Item 1.01).
• Counterparty: BitGo Bank & Trust, N.A., a nationally chartered bank supervised by the Office of the Comptroller of the Currency.
• Services: custody of BNB, deposits from public blockchain addresses, withdrawals to public addresses, plus any additional services agreed by the Trust and BitGo.
• Asset protections: the Trust retains all right, title and beneficial ownership of its BNB; BitGo will hold Trust BNB separate from other customers and will not lend, pledge or rehypothecate Trust BNB except as authorized or required by law. The full agreement is filed as Exhibit 10.1.

Why It Matters This agreement adds a regulated, bank-chartered custody option for the Trust’s BNB holdings, which can provide operational redundancy and potentially stronger regulatory and custody protections. For investors, the filing confirms that the Trust maintains legal ownership of its crypto assets and that those assets will be segregated and not rehypothecated by the custodian except under limited circumstances.