SEC Filing Document

Company: VanEck BNB ETF
Ticker: 
CIK: 2066824
Filing Type: S-1/A
Document Type: S-1/A
Date Filed: 2026-03-16
Accession Number: 0001628280-26-017834
Exchange: 
SIC Code: 6221
SIC Description: Commodity Contracts Brokers & Dealers
URL: https://www.sec.gov/Archives/edgar/data/2066824/000162828026017834/vaneckbnbs-1a3.htm

Chunk 63 of 95
Word Count: 1404
Character Count: 11398

Document Content:

3 28/02/2026 15:08:45 620.635122 355.0014427 CoinBase 4 28/02/2026 15:09:03 611.0820675 2.09435758 CoinBase 4 28/02/2026 15:09:21 621.8361558 99.87808051 Binance 4 28/02/2026 15:09:39 611.535125 6.30008068 CoinBase 4 28/02/2026 15:09:57 613.1088538 2345.548718 CoinBase 4 28/02/2026 15:10:15 621.8993004 4907.243118 CoinBase 4 28/02/2026 15:10:33 618.2154 76.88302 Gateio 4 28/02/2026 15:10:51 619.564 1410.456377 CoinBase 4 28/02/2026 15:11:09 618.161568 1.825 CoinBase 4 28/02/2026 15:11:27 614.626491 213.9345 Gateio 4 28/02/2026 15:11:46 613.0282882 2000.546748 CoinBase 5 28/02/2026 15:12:04 618.0153896 306.4600239 Binance 5 28/02/2026 15:12:22 611.4302859 6.999354936 Binance 5 28/02/2026 15:12:40 618.1153231 38.4636 Gateio 5 28/02/2026 15:12:58 617.9234501 3181.640927 CoinBase 5 28/02/2026 15:13:16 616.9412444 24.5921524 CoinBase 5 28/02/2026 15:13:34 616.3293672 1.25706 Gateio 5 28/02/2026 15:13:52 618.299569 5554.016687 Kraken 5 28/02/2026 15:14:10 617.4824121 1.25993 Gateio 5 28/02/2026 15:14:28 610.7171328 1.28002 Gateio 5 28/02/2026 15:14:46 613.5271288 10.00829252 CoinBase 6 28/02/2026 15:15:05 612.5537996 86.510592 Binance 6 28/02/2026 15:15:23 619.0757437 604.5511294 Binance 6 28/02/2026 15:15:41 619.6612676 589.3872797 Binance 6 28/02/2026 15:15:59 616.2592869 4653.359876 Kraken

Bucket Time (NY) Price (USD) Size (BNBBR) Exchange
6 28/02/2026 15:16:17 611.4588585 84.826224 Binance
6 28/02/2026 15:16:35 620.707345 151.70628 Gateio
6 28/02/2026 15:16:53 612.4875737 290.7951 Gateio
6 28/02/2026 15:17:11 615.3077542 173.43924 Gateio
6 28/02/2026 15:17:29 613.4903857 159.74154 Gateio
6 28/02/2026 15:17:47 612.6555802 130.87024 Gateio
7 28/02/2026 15:18:05 618.334922 1574.25674 CoinBase
7 28/02/2026 15:18:24 612.7898388 366 Gateio
7 28/02/2026 15:18:42 614.9222996 38.72392 Gateio
7 28/02/2026 15:19:00 622.3533091 1531.065702 CoinBase
7 28/02/2026 15:19:18 612.8233039 139.0204067 CoinBase
7 28/02/2026 15:19:36 611.506993 62.54948 Gateio
7 28/02/2026 15:19:54 611.121527 846.612 CoinBase
7 28/02/2026 15:20:12 617.4788085 24.470476 CoinBase
7 28/02/2026 15:20:30 614.1621226 20.00059113 Binance
7 28/02/2026 15:20:48 619.6291966 1.2726 Gateio
8 28/02/2026 15:21:06 620.8747654 499.8630512 CoinBase
8 28/02/2026 15:21:24 619.1124384 128.2839788 Kraken
8 28/02/2026 15:21:43 618.1723822 37.9374 Gateio
8 28/02/2026 15:22:01 620.2960467 909.9500294 CoinBase
8 28/02/2026 15:22:19 613.6479846 3503.486385 Binance
8 28/02/2026 15:22:37 617.386874 506.0614604 CoinBase
8 28/02/2026 15:22:55 620.9228954 1419.63651 CoinBase
8 28/02/2026 15:23:13 621.7401734 1.27246 Gateio
8 28/02/2026 15:23:31 618.9365585 61.78515529 Kraken
8 28/02/2026 15:23:49 612.8731115 280.5192734 CoinBase
9 28/02/2026 15:24:07 610.7138591 1.26252 Gateio
9 28/02/2026 15:24:25 612.011082 5.534994868 CoinBase
9 28/02/2026 15:24:43 615.5741785 34.5477 Gateio
9 28/02/2026 15:25:02 618.6172495 172.898712 Binance
9 28/02/2026 15:25:20 616.9076825 3.700194037 CoinBase
9 28/02/2026 15:25:38 611.3294254 838.188 CoinBase
9 28/02/2026 15:25:56 618.1091859 1.829 CoinBase
9 28/02/2026 15:26:14 621.3713074 719.947786 Kraken
9 28/02/2026 15:26:32 613.1128075 233.4126446 CoinBase
9 28/02/2026 15:26:50 619.0636242 2501.294694 Binance
10 28/02/2026 15:27:08 613.1787733 10.07985 Gateio
10 28/02/2026 15:27:26 617.7030476 85.2798888 CoinBase
10 28/02/2026 15:27:44 612.9802926 772.164912 CoinBase
10 28/02/2026 15:28:02 618.9805229 59.68261 bybit
10 28/02/2026 15:28:21 617.7789802 40.31871056 CoinBase
10 28/02/2026 15:28:39 619.0510387 1.28513 Gateio
10 28/02/2026 15:28:57 613.9860058 1.27176 Gateio
10 28/02/2026 15:29:15 614.8388725 10.11976 bybit

Bucket Time (NY) Price (USD) Size (BNBBR) Exchange
10 28/02/2026 15:29:33 616.442861 24.7273484 CoinBase
10 28/02/2026 15:29:51 611.6203427 435.17204 CoinBase
11 28/02/2026 15:30:09 616.831918 509.7265295 CoinBase
11 28/02/2026 15:30:27 612.6194734 10.10072 Gateio
11 28/02/2026 15:30:45 619.3004851 1.10349 CoinBase
11 28/02/2026 15:31:03 614.2497602 33.65252 Gateio
11 28/02/2026 15:31:21 613.0731849 1.829806752 CoinBase
11 28/02/2026 15:31:39 614.9087705 823.9912591 CoinBase
11 28/02/2026 15:31:58 620.1051026 13.44631062 CoinBase
11 28/02/2026 15:32:16 618.8899697 225.7811468 CoinBase
11 28/02/2026 15:32:34 612.0084993 1.27176 Gateio
11 28/02/2026 15:32:52 614.2463454 85.99514175 Binance
12 28/02/2026 15:33:10 617.706383 2.910599993 CoinBase
12 28/02/2026 15:33:28 611.096981 1.803 CoinBase
12 28/02/2026 15:33:46 616.5909238 51.59953271 Kraken
12 28/02/2026 15:34:04 622.6071631 159.74154 Gateio
12 28/02/2026 15:34:22 612.7597212 34.6556351 bybit
12 28/02/2026 15:34:40 619.1805639 500.0154087 Binance
12 28/02/2026 15:34:58 613.2610235 69.98999995 CoinBase
12 28/02/2026 15:35:17 620.2806839 1.802 CoinBase
12 28/02/2026 15:35:35 617.2875914 420.92939 Gateio
12 28/02/2026 15:35:53 616.148557 32.4792 Gateio
13 28/02/2026 15:36:11 620.1117452 1026.995448 Binance
13 28/02/2026 15:36:29 622.7567651 625.272299 Binance
13 28/02/2026 15:36:47 610.8269852 1.28016 Gateio
13 28/02/2026 15:37:05 622.4983739 7.483381946 CoinBase
13 28/02/2026 15:37:23 613.2949276 1081.440112 Kraken
13 28/02/2026 15:37:41 617.8007597 34.9721 Gateio
13 28/02/2026 15:37:59 619.0205765 10.07435 Gateio
13 28/02/2026 15:38:17 616.9036856 7.63293 CoinBase
13 28/02/2026 15:38:36 618.2340075 19.00532578 Binance
13 28/02/2026 15:38:54 619.1215304 0.001637487 Kraken
14 28/02/2026 15:39:12 615.5601393 90.51648 bybit
14 28/02/2026 15:39:30 612.5909482 720.6658637 CoinBase
14 28/02/2026 15:39:48 619.1314165 279.7271665 Binance
14 28/02/2026 15:40:06 612.8045969 0.000193248 CoinBase
14 28/02/2026 15:40:24 612.7895874 1.025199672 CoinBase
14 28/02/2026 15:40:42 613.9430203 0.250685301 CoinBase
14 28/02/2026 15:41:00 612.67868 1.05000014 CoinBase
14 28/02/2026 15:41:18 617.4982277 184.81121 Gateio
14 28/02/2026 15:41:36 617.6794784 1.26532 Gateio
14 28/02/2026 15:41:55 610.6189915 441.91143 CoinBase
15 28/02/2026 15:42:13 614.0205049 86.38637175 Binance
15 28/02/2026 15:42:31 616.30722 114.8051437 CoinBase

Bucket Time (NY) Price (USD) Size (BNBBR) Exchange
15 28/02/2026 15:42:49 616.0810991 0.285297922 CoinBase
15 28/02/2026 15:43:07 614.7280753 379.1385873 CoinBase
15 28/02/2026 15:43:25 615.315024 364.57002 bybit
15 28/02/2026 15:43:43 616.4899961 1699.456849 CoinBase
15 28/02/2026 15:44:01 612.7819416 299.0063569 Binance
15 28/02/2026 15:44:19 613.1953083 1.115079206 CoinBase
15 28/02/2026 15:44:37 622.812555 326.8556359 Binance
15 28/02/2026 15:44:55 610.8026865 173.2837995 Binance
16 28/02/2026 15:45:14 612.5549373 8.390842405 CoinBase
16 28/02/2026 15:45:32 619.7194916 837.252 CoinBase
16 28/02/2026 15:45:50 618.7260566 136.2280258 Kraken
16 28/02/2026 15:46:08 615.8769954 8.644105454 CoinBase
16 28/02/2026 15:46:26 612.421757 937.4875322 Binance
16 28/02/2026 15:46:44 613.8631066 109.0065659 CoinBase
16 28/02/2026 15:47:02 618.111087 185.37276 Gateio
16 28/02/2026 15:47:20 620.2362951 1638.906221 CoinBase
16 28/02/2026 15:47:38 618.2801926 0.001304429 Binance
16 28/02/2026 15:47:56 617.9254292 111.4810785 CoinBase
17 28/02/2026 15:48:14 615.3212358 172.7804925 Binance
17 28/02/2026 15:48:33 620.7280226 82.79028 Gateio
17 28/02/2026 15:48:51 619.6609088 9.008567532 CoinBase
17 28/02/2026 15:49:09 616.5507961 68.12625 Gateio
17 28/02/2026 15:49:27 616.2519699 1.826 CoinBase
17 28/02/2026 15:49:45 616.365467 3.37933425 CoinBase
17 28/02/2026 15:50:03 616.5847233 250.99152 Gateio
17 28/02/2026 15:50:21 611.509347 4.486166092 CoinBase
17 28/02/2026 15:50:39 621.9089249 1434.644862 CoinBase
17 28/02/2026 15:50:57 622.6818167 828.3723526 Kraken
18 28/02/2026 15:51:15 622.1748978 34.5553 Gateio
18 28/02/2026 15:51:33 622.0628038 513.1096702 CoinBase
18 28/02/2026 15:51:52 615.2132132 1.805 CoinBase
18 28/02/2026 15:52:10 612.7475691 85.8875535 Binance
18 28/02/2026 15:52:28 613.3093509 1.26686 bybit
18 28/02/2026 15:52:46 621.4594063 1.816 CoinBase
18 28/02/2026 15:53:04 612.1729911 85.85329725 Binance
18 28/02/2026 15:53:22 619.3752546 1.2796 bybit
18 28/02/2026 15:53:40 614.8201834 523.853822 CoinBase
18 28/02/2026 15:53:58 619.0572028 1.27946 bybit
19 28/02/2026 15:54:16 615.9905637 9.100449273 CoinBase
19 28/02/2026 15:54:34 618.1390265 59.17027237 CoinBase
19 28/02/2026 15:54:52 621.370699 855.972 CoinBase
19 28/02/2026 15:55:11 612.9751396 33.9729 Gateio
19 28/02/2026 15:55:29 621.7416735 1.26483 Gateio
19 28/02/2026 15:55:47 616.2060907 2000.547196 CoinBase

Bucket Time (NY) Price (USD) Size (BNBBR) Exchange
19 28/02/2026 15:56:05 616.9211919 1.27883 Gateio
19 28/02/2026 15:56:23 622.4906493 1.011576058 CoinBase
19 28/02/2026 15:56:41 611.3479658 4.860900009 CoinBase
19 28/02/2026 15:56:59 617.35251 1.83 CoinBase
20 28/02/2026 15:57:17 612.030322 20.68232976 CoinBase
20 28/02/2026 15:57:35 614.0690435 1611.970075 CoinBase
20 28/02/2026 15:57:53 617.6546204 41.39603283 CoinBase
20 28/02/2026 15:58:11 614.3195219 1.805 CoinBase
20 28/02/2026 15:58:30 614.8149509 35.46126 Gateio
20 28/02/2026 15:58:48 614.1428666 33.626 Gateio
20 28/02/2026 15:59:06 616.7428758 870.553494 Binance
20 28/02/2026 15:59:24 614.9816102 202.8954992 CoinBase
20 28/02/2026 15:59:42 619.0967172 1.804 CoinBase
20 28/02/2026 15:59:59 617.3806185 117.4768117 Binance

2.The transactions are segmented by their timestamp into 20 buckets of equal 3-minute length as shown in the first column in the above table.

3.The volume weighted median price for each bucket is shown below:

Buckets Volume (BNBBR) Volume Weighted Median Price ($)

4.The average of the 20 volume weighted medians is calculated to be $616.724682.

The Trust's NAV per Share is calculated by:

•taking the current market value of its total assets;

•subtracting any liabilities; and

•dividing that total by the total number of outstanding Shares.

The Administrator calculates the NAV of the Trust once each Exchange trading day. The NAV for a normal trading day will be released after 4:00 p.m. Eastern time. Trading during the core trading session on the Exchange typically closes at 4:00 p.m. Eastern time. However, NAVs are not officially struck until later in the day (often by 5:30 p.m. Eastern time and generally no later than 8:00 p.m. Eastern time). The pause between 4:00 p.m. Eastern time and 5:30 p.m. Eastern time (or later) provides an opportunity to detect, flag, investigate, and correct unusual pricing should it occur. The Sponsor will monitor for significant events related to crypto assets that may impact the value of BNB and will determine in good faith, and in accordance with its valuation policies and procedures, whether to fair value the Trust's BNB on a given day based (e.g., if the MarketVectorTM BNB Benchmark Rate is not available the Sponsor). In certain circumstances, the Sponsor will determine whether to fair value the Trust's BNB on a given day on whether certain pre-determined criteria have been met. For example, if the MarketVectorTM BNB Benchmark Rate deviates by more than a pre-determined amount from an alternate benchmark available to the Sponsor, then the Sponsor may determine to utilize the alternate benchmark. The Sponsor may also fair value the Trust's BNB using observed market transactions from one or more exchanges. The Sponsor may also fair value the Trust's BNB using a combination of inputs in certain situations (e.g., using observed market transactions, OTC quotations from brokers, etc.).