Update
BNB ETF Inflows Led by Early Allocation Before Binance Hack
The VanEck BNB ETF attracted $99 million in October inflows, with $97 million arriving on October 2, weeks before Binance suffered a significant $6.3 billion cryptocurrency hack. The fund's custody is separate from the exchange, and its shares represent exposure to BNB rather than an ownership interest in Binance. This allocation contrasted with broader withdrawals from other crypto ETFs during the month.