N-CSRS

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number    811-23477                  

                                    BNY Mellon ETF Trust                       

(Exact name of registrant as specified in charter)

240 Greenwich Street

_____________New York, New York 10286_____________

(Address of principal executive offices) (Zip code)

Deirdre Cunnane, Esq.

240 Greenwich Street

_________________New York, New York 10286_____________

(Name and address of agent for service)

Registrant's telephone number, including area code:       (212) 922-6400

Date of fiscal year end:  June 30

Date of reporting period:  December 31, 2021

The following N-CSR relates only to the Registrant's series listed below and does not relate to any series of the Registrant with a different fiscal year end and, therefore, different N-CSR reporting requirements.  A separate N-CSR will be filed for any series with a different fiscal year end, as appropriate

BNY Mellon Ultra Short Income ETF

Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission,

100 F Street, NE, Washington, DC 20549

. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

Item 1. Reports to Stockholders.

(a)

The following is a copy of the report transmitted to shareholders pursuant to Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1).

BNY

Mellon

ETF

Trust

Semiannual

Report

December

31,

2021

BNY

Mellon

Ultra

Short

Income

ETF

Contents

The

Fund

Discussion

of

Fund

Performance

3

Understanding

Your

Fund’s

Expenses

5

Statement

of

Investments

6

Statement

of

Assets

and

Liabilities

8

Statement

of

Operations

9

Statement

of

Changes

in

Net

Assets

10

Financial

Highlights

11

Notes

to

Financial

Statements

12

Information

About

the

Approval

of

the

Fund’s

Management

and

Sub-Investment

Advisory

Agreements

16

FOR

MORE

INFORMATION

Back

Cover

Save

time.

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paper.

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your

next

shareholder

report

online

as

soon

as

it’s

available.

Log

into

www.

im.bnymellon.com

and

sign

up

for

eCommunications.

It’s

simple

and

only

takes

a

few

minutes.

The

views

expressed

herein

are

current

to

the

date

of

this

report.

These

views

and

the

composition

of

the

fund’s

portfolio

is

subject

to

change

at

any

time

based

on

market

and

other

conditions.

Not

FDIC-Insured

•

Not

Bank-Guaranteed

•

May

Lose

Value

3

DISCUSSION

OF

FUND

PERFORMANCE

(Unaudited)

For

the

period

August

9,

2021,

through

December

31,

2021,

as

provided

by

Stephen

Murphy,

CFA,

and

Anthony

Honko,

of

Dreyfus

Cash

Investment

Strategies,

a

division

of

Mellon

Investment

Corporation,

the

Sub-Adviser

Market

and

Fund

Performance

Overview

For

the

period

from

August

9,

2021,

the

fund’s

inception,

through

December

31,

2021,

the

BNY

Mellon

Ultra

Short

Income

ETF

(the

“fund”)

produced

a

net

asset

value

total

return

of

-0.23%.

1

In

comparison,

the

ICE

BofA

Merrill

Lynch

3-Month

U.S.

Treasury

Bill

Index

(the

“Index”),

the

fund’s

benchmark,

returned

0.02%

for

the

same

period.

2

Despite

increasing

inflationary

pressures,

short-term,

fixed-

income

yields

remained

near

historically

low

levels

due

to

accommodative

monetary

policy

from

the

U.S.

Federal

Reserve

(the

“Fed”)

in

response

to

the

COVID-19

pandemic.

The

fund

underperformed

the

Index

largely

as

a

result

of

its

exposure

to

fixed

corporate

and

securitized

credit

at

a

time

of

rising

yields.

The

Fund’s

Investment

Approach

The

fund

seeks

high

current

income

consistent

with

the

maintenance

of

liquidity

and

low

volatility

of

principal.

To

pursue

its

goal,

the

fund

normally

invests

in

investment-grade,

U.S.

dollar-denominated

fixed,

variable,

and

floating-rate

debt

or

cash

equivalents.

The

fund

typically

seeks

to

maintain

an

effective

duration

of

one

year

or

less,

although,

under

certain

market

conditions,

such

as

in

periods

of

significant

volatility

in

interest

rates

and

spreads,

the

fund's

duration

may

be

longer

than

one

year.

The

fund's

portfolio,

under

normal

market

conditions,

will

have

an

average

credit

rating

of

at

least

A

or

equivalent.

The

fund's

portfolio

managers

seek

to

achieve

what

they

believe

provides

the

optimal

portfolio

for

the

fund

in

terms

of

preservation

of

principal,

liquidity

and

producing

high

current

income.

To

do

so,

the

portfolio

managers

use

a

top-down

and

bottom-up

investment

process

and

leverage

the

breadth

and

depth

of

Dreyfus

Cash

Investment

Strategies'

research

resources.

The

portfolio

managers

focus

on

preservation

of

principal

and

downside

protection

by

proactively

monitoring

issuer

and

counterparty

risk

and

ensure

appropriate

portfolio

liquidity

through

a

combination

of

overnight

investments

and

short-term,

highly

liquid

securities.

Rising

Yields

Limit

Fixed-Income

Performance

During

the

months

prior

to

the

fund’s

launch,

fixed-income

markets

experienced

increasing

inflationary

pressures

arising

from

pandemic-related,

supply-chain

bottlenecks

and

a

tight

labor

market.

Inflation

was

also

driven

by

money

remaining

in

the

economy

from

the

massive

government

stimulus

packages

passed

in

response

to

pandemic.

These

inflationary

pressures

drove

bond

yields

higher,

causing

bond

prices

to

decline

(bond

yields

and

prices

typically

move

in

opposite

directions).

While

the

Fed

opined,

throughout

most

of

2021,

that

inflation

was

likely

to

prove

transitory,

these

overriding

market

dynamics

remained

in

place

throughout

the

reporting

period.

In

September

2021,

the

Fed’s

tone

shifted,

as

members

indicated

a

willingness

to

consider

reducing

accommodative

policies

sooner

rather

than

later

due

to

the

unexpected

level

and

persistence

of

inflationary

forces

affecting

the

economy.

As

inflationary

pressures

continued

to

mount,

Fed

rhetoric

grew

increasingly

hawkish.

In

November,

the

Fed

used

the

word

“transitory”

when

describing

inflation.

At

the

same

time,

the

Fed

forecast

a

possible

end

to

their

asset

purchase

program

as

early

as

June

2022,

thereby

increasing

the

likelihood

of

one

or

more

rate

hikes

later

that

year.

In

December,

the

Fed

revised

their

estimate

of

an

end

to

quantitative

easing

in

March

2022,

leading

the

market

to

widely

anticipate

multiple

hikes

in

2022.

Such

a

move

would

represent

a

significant

rise

in

interest

rates,

particularly

affecting

the

short

end

of

yield

curve.

Nevertheless,

while

the

Fed

resisted

more

aggressive

and

immediate

action,

credit

spreads

continued

to

trade

near

historical

lows,

with

only

modest

widening

in

the

1-to-3-year

space

on

expectations

of

less

accommodative

policy.

Duration

and

Fixed-Credit

Exposure

Detract

from

Fund

Performance

The

fund’s

exposure

to

the

1-to-3-year

part

of

yield

curve

through

investments

in

fixed-credit

securities

detracted

from

performance

relative

to

the

Index.

The

fund’s

weakest

performers

were

corporate

fixed

instruments,

which

were

undermined

by

slight

credit-spread

widening

due

to

the

upward

movement

of

yields

in

the

2-to-3-year

space.

Holdings

of

securitized

instruments

also

detracted

from

relative

returns,

albeit

to

a

lesser

degree

due

to

their

slightly

shorter

average

duration.

Conversely,

the

fund’s

relative

performance

benefited

from

substantial

exposure

to

money

market

securities,

particularly

commercial

paper,

due

to

very

short

duration

of

those

securities.

Performance

also

benefited

from

a

moderate

allocation

to

floating-rate,

corporate

bonds,

and

from

the

shortening

of

the

fund’s

average

duration

toward

the

end

of

the

period.

Seeing

Challenges

and

Opportunities

in

a

Tightening

Environment

As

of

the

end

of

the

period,

we

see

few

signs

of

easing

in

the

inflationary

trends

that

challenge

the

fixed-income

market.

Accordingly,

we

expect

the

Fed

to

tighten

monetary

policy

in

2022

as

it

attempts

to

balance

its

mandate

of

restraining

inflation

against

the

risk

of

hobbling

the

economy

through

overly

aggressive

rate

increases.

While

such

an

environment

is

likely

to

slightly

hinder

fund

performance

in

the

short

term,

we

believe

that

a

less

accommodative

monetary

policy,

rising

rates

and

widening

credit

spreads

are

also

likely

to

create

attractive

investment

opportunities

in

the

corporate

bond

market.

Currently,

the

fund

holds

its

largest

position

in

commercial

paper,

a

moderate

position

in

corporate

fixed

securities,

a

smaller

but

growing

position

in

floating-rate

corporates,

and

its

smallest

position

in

securitized

holdings.

We

continue

to

look

for

opportunities

to

swap

fixed-rate

exposure

for

floating-rate

instruments,

and

to

further

reduce

duration

where

advantageous.

4

DISCUSSION

OF

FUND

PERFORMANCE

(Unaudited)

(continued)

We

remain

committed

to

managing

the

fund

to

provide

liquidity

as

needed,

while

working

to

reduce

interest-rate

exposure

in

the

face

of

the

prevailing

tightening

cycle.

January

18,

2022

1

ETFs

trade

like

stocks,

are

subject

to

investment

risk,

including

possible

loss

of

principal.

ETF

shares

are

listed

on

an

exchange,

and

shares

are

generally

purchased

and

sold

in

the

secondary

market

at

market

price.

At

times,

the

market

price

may

be

at

a

premium

or

discount

to

the

ETF’s

per

share

NAV.

In

addition,

ETFs

are

subject

to

the

risk

that

an

active

trading

market

for

an

ETF’s

shares

may

not

develop

or

be

maintained.

Buying

or

selling

ETF

shares

on

an

exchange

may

require

payment

of

brokerage

commissions.

2

Source:

FactSet

-

The

ICE

BofA

Merrill

Lynch

3-Month

Treasury

Bill

Index

is

an

unmanaged

market

index

of

US

Treasury

securities

maturing

in

90

days

that

assumes

reinvestment

of

all

income.

Investors

cannot

invest

directly

in

any

index.

Bonds

are

subject

generally

to

interest-rate,

credit,

liquidity

and

market

risks,

to

varying

degrees,

all

of

which

are

more

fully

described

in

the

fund’s

prospectus.

Generally,

all

other

factors

being

equal,

bond

prices

are

inversely

related

to

interest-rate

changes,

and

rate

increases

can

cause

price

decline.

Recent

market

risks

include

pandemic

risks

related

to

COVID-19.

The

effects

of

COVID-19

have

contributed

to

increased

volatility

in

global

markets

and

will

likely

affect

certain

countries,

companies,

industries

and

market

sectors

more

dramatically

than

others.

To

the

extent

the

fund

may

overweight

its

investments

in

certain

countries,

companies,

industries

or

market

sectors,

such

positions

will

increase

the

fund's

exposure

to

risk

of

loss

from

adverse

developments

affecting

those

countries,

companies,

industries

or

sectors.

UNDERSTANDING

YOUR

FUND’S

EXPENSES

(Unaudited)

5

As

a

shareholder

of

the

fund,

you

pay

ongoing

expenses,

such

as

management

fees

and

other

expenses.

Using

the

information

below,

you

can

estimate

how

these

expenses

affect

your

investment

and

compare

them

with

the

expenses

of

other

funds.

For

more

information,

see

your

fund’s

prospectus

or

talk

to

your

financial

adviser.

Actual

Expenses

The

information

under

each

column

in

the

table

below

entitled

“Actual”

provides

information

about

on

how

much

a

$1,000

investment

would

be

worth

at

the

close

of

the

period,

assuming

net

asset

value

total

returns

and

actual

expenses.

You

may

use

the

information

in

these

columns,

together

with

the

amount

you

invested,

to

estimate

the

expenses

that

you

paid

over

the

period.

Simply

divide

your

account

value

by

$1,000

(for

example,

an

$8,600

account

value

divided

by

$1,000

=

8.6),

then

multiply

the

result

by

the

number

for

the

fund

under

the

heading

entitled

“Expenses

paid

for

the

period”

to

estimate

the

expenses

you

paid

on

your

account

during

this

period.

Hypothetical

Example

For

Comparison

Purposes

The

Securities

and

Exchange

Commission

(“SEC”)

has

established

guidelines

to

help

investors

assess

fund

expenses.

The

information

under

each

column

in

the

table

entitled

“Hypothetical”

provides

information

about

hypothetical

account

values

and

hypothetical

expenses

based

on

the

fund’s

actual

expense

ratio

and

an

assumed

rate

of

return

of

5%

per

year

before

expenses,

which

is

not

the

fund’s

actual

return.

The

hypothetical

account

values

and

expenses

may

not

be

used

to

estimate

the

actual

ending

account

balance

or

expenses

you

paid

for

the

period.

You

may

use

this

information

to

compare

the

ongoing

expenses

(but

not

transaction

expenses

or

total

cost)

of

investing

in

the

fund

with

those

of

other

funds.

To

do

so,

compare

this

5%

hypothetical

example

with

the

5%

hypothetical

examples

that

appear

in

the

shareholder

reports

of

the

other

funds.

Please

note

that

the

expenses

shown

in

the

table

are

meant

to

highlight

your

ongoing

costs

only

and

do

not

reflect

any

transactional

costs,

such

as

brokerage

commissions

paid

on

purchases

and

sales

of

fund

shares.

Therefore,

the

ending

account

values

and

expenses

paid

for

the

period

in

the

table

are

useful

in

comparing

ongoing

expenses

(but

not

transaction

expenses

or

total

cost)

of

investing

in

the

fund

with

those

of

other

funds.

In

addition,

if

these

transactional

costs

were

included,

your

costs

would

have

been

higher.

(a)

Expenses

are

calculated

using

the

annualized

expense

ratio,

which

represents

the

ongoing

expenses

as

a

percentage

of

net

assets

for

the

period

August

11,

2021

(commencement

of

operations)

to

December

31,

2021.

Expenses

are

calculated

by

multiplying

the

fund’s

annualized

expense

ratio

by

the

average

account

value

for

the

period,

then

multiplying

the

result

by

143/365.

Hypothetical

expenses

reflect

projected

activity

for

the

full

six

month

period

for

purposes

of

comparability

and

are

calculated

by

multiplying

the

fund’s

annualized

expense

ratio

by

the

average

account

value

for

the

period,

then

multiplying

the

result

by

184/365.

The

actual

ending

account

value

is

based

on

the

actual

total

return

of

the

fund

for

the

period,

after

actual

expenses

and

will

differ

from

the

hypothetical

ending

account

value

which

is

based

on

the

fund’s

expense

ratio

and

a

hypothetical

annual

return

of

5%

before

expenses.

For

the

six

months

ended

December

31,

2021

Beginning

account

value

($)

Ending

account

value($)

Expense

paid

for

the

period

($)

Annualized

expense

ratios

for

the

period

(%)

Actual

Hypothetical

Actual

Hypothetical

Actual

(a)

Hypothetical

(a)

BNY

Mellon

Ultra

Short

Income

ETF

1,000.00

1,000.00

997.70

1,024.60

0.47

0.61

0.12

6

STATEMENT

OF

INVESTMENTS

December

31,

2021

(Unaudited)

BNY

Mellon

Ultra

Short

Income

ETF

Description

Principal

Amount

($)

Value

($)

Asset-Backed

Securities

–

9.4%

Drive

Auto

Receivables

Trust,

Series

2021-2,

Class

A3,

0.35%,

3/17/2025

300,000

299,211

Ford

Credit

Auto

Lease

Trust,

Series

2021-B,

Class

A4,

0.40%,

12/15/2024

350,000

346,354

Ford

Credit

Floorplan

Master

Owner

Trust,

Series

2019-2,

Class

A,

3.06%,

4/15/2026

300,000

312,814

GMF

Floorplan

Owner

Revolving

Trust,

Series

2020-1,

Class

A,

0.68%,

8/15/2025

(a)

300,000

298,742

Honda

Auto

Receivables

Owner

Trust,

Series

2021-3,

Class

A3,

0.41%,

11/18/2025

350,000

346,417

Hyundai

Auto

Lease

Securitization

Trust,

Series

2021-C,

Class

A4,

0.48%,

9/15/2025

(a)

350,000

346,138

Kubota

Credit

Owner

Trust,

Series

2020-1A,

Class

A4,

2.26%,

7/15/2026

(a)

300,000

306,114

Oscar

US

Funding

XII

LLC,

Series

2021-1A,

Class

A3,

0.70%,

4/10/2025

(a)

300,000

298,548

Total

Asset-Backed

Securities

(cost

$2,581,934)

2,554,338

Commercial

Paper

–

50.9%

ABS

Finance

Ltd.,

0.20%,

8/01/2022

(b)

750,000

749,991

Australia

&

New

Zealand

Banking

Group

Ltd.,

0.33%,

11/08/2022

(b)

750,000

747,478

Bank

of

Nova

Scotia

(The),

0.19%,

7/28/2022

(b)

500,000

499,030

BPCE

SA,

0.35%,

11/08/2022

(b)

750,000

747,016

Canadian

Imperial

Bank

of

Commerce,

0.19%,

8/12/2022

(b)

750,000

748,306

Collateralized

Commercial

Paper

V

Co.,

LLC,

0.15%,

2/28/2022

(b)

750,000

749,764

Cooperatieve

Rabobank

U.A.,

0.16%,

5/06/2022

(b)

750,000

749,535

DBS

Bank

Ltd.,

0.13%,

2/01/2022

(b)

700,000

699,938

Landesbank

Baden-Wurttemberg,

0.16%,

2/04/2022

(b)

750,000

749,921

LMA

S.A.

/

LMA

Americas

LLC,

0.14%,

2/09/2022

(b)

750,000

749,879

Mitsubishi

UFJ

Trust

and

Banking

Corp.,

0.15%,

2/10/2022

(b)

750,000

749,909

National

Bank

of

Canada,

0.14%,

2/18/2022

(b)

750,000

749,874

Sheffield

Receivables

Co.

LLC,

0.15%,

2/08/2022

(b)

300,000

299,954

Skandinaviska

Enskilda

Banken

AB,

0.17%,

5/02/2022

(b)

750,000

749,426

Societe

Generale

North

America,

Inc.,

0.36%,

11/07/2022

(b)

750,000

746,573

Starbird

Funding

Corp.,

0.27%,

4/20/2022

(b)

250,000

249,803

Svenska

Handelsbanken

AB,

0.15%,

6/09/2022

(b)

850,000

849,150

Swedbank

AB,

0.15%,

4/04/2022

(b)

800,000

799,670

United

Overseas

Bank

Ltd.,

0.25%,

6/10/2022

(b)

800,000

798,937

Westpac

Securities

NZ

Ltd.,

0.17%,

5/05/2022

(b)

750,000

749,563

Total

Commercial

Paper

(cost

$13,936,898)

13,933,717

Corporate

Bonds

–

37.8%

Auto

Manufacturers

–

3.3%

American

Honda

Finance

Corp.,

2.90%,

2/16/2024

300,000

311,397

BMW

US

Capital

LLC,

0.43%

(3

Month

SOFR

+

0.38%),

8/12/2024

(a)(c)

300,000

300,908

Toyota

Motor

Credit

Corp.,

0.50%,

6/18/2024

300,000

295,728

908,033

Banks

–

18.1%

ASB

Bank

Ltd.,

3.13%,

5/23/2024

(a)

350,000

366,430

BNY

Mellon

Ultra

Short

Income

ETF

(continued)

Description

Principal

Amount

($)

Value

($)

Corporate

Bonds

–

37.8%

(continued)

Banks

–

18.1%

(continued)

Bank

of

America

Corp.,

0.59%

(3

Month

BSBY

+

0.43%),

5/28/2024

(c)

300,000

300,152

Bank

of

Montreal,

0.40%

(3

Month

SOFR

+

0.35%),

12/08/2023

(c)

350,000

350,190

Canadian

Imperial

Bank

of

Commerce,

0.45%

(3

Month

SOFR

+

0.40%),

12/14/2023

(c)

300,000

299,917

Credit

Agricole

SA,

3.75%,

4/24/2023

(a)

300,000

310,913

Credit

Suisse

Group

AG,

3.57%,

1/09/2023

(a)

750,000

750,214

Goldman

Sachs

Group,

Inc.

(The),

3.63%,

1/22/2023

750,000

772,589

Nordea

Bank

Abp

,

0.63%,

5/24/2024

(a)

300,000

296,484

PNC

Financial

Services

Group,

Inc.

(The),

3.50%,

1/23/2024

300,000

314,268

Royal

Bank

of

Canada,

2.55%,

7/16/2024

300,000

310,126

Sumitomo

Mitsui

Financial

Group,

Inc.,

0.51%,

1/12/2024

300,000

296,709

UBS

AG,

0.45%,

2/09/2024

(a)

300,000

295,619

Westpac

Banking

Corp.,

0.35%

(3

Month

SOFR

+

0.30%),

11/18/2024

(c)

300,000

299,814

4,963,425

Beverages

–

1.1%

PepsiCo,

Inc.,

0.40%,

10/07/2023

300,000

298,489

298,489

Diversified

Financial

Services

–

2.4%

American

Express

Co.,

3.40%,

2/22/2024

300,000

314,766

Charles

Schwab

Corp.

(The),

0.55%

(3

Month

SOFR

+

0.50%),

3/18/2024

(c)

350,000

351,309

666,075

Insurance

–

1.2%

American

International

Group,

Inc.,

4.13%,

2/15/2024

300,000

318,711

318,711

Machinery-Construction

&

Mining

–

1.1%

Caterpillar

Financial

Services

Corp.,

0.45%,

9/14/2023

300,000

298,755

298,755

Machinery-Diversified

–

1.1%

John

Deere

Capital

Corp.,

0.45%,

1/17/2024

300,000

297,212

297,212

Pharmaceuticals

–

3.4%

AbbVie,

Inc.,

2.60%,

11/21/2024

300,000

311,472

AstraZeneca

Finance

LLC,

0.70%,

5/28/2024

300,000

297,751

GlaxoSmithKline

Capital

PLC,

3.00%,

6/01/2024

300,000

314,013

923,236

Pipelines

–

1.3%

Enbridge,

Inc.,

0.45%

(3

Month

SOFR

+

0.40%),

2/17/2023

(c)

350,000

350,107

350,107

Retail

–

1.1%

Walmart,

Inc.,

2.85%,

7/08/2024

300,000

313,658

313,658

Software

–

1.1%

Salesforce.com,

Inc.,

0.63%,

7/15/2024

300,000

297,376

297,376

Telecommunications

–

2.6%

AT&T,

Inc.,

0.69%

(3

Month

SOFR

+

0.64%),

3/25/2024

(c)

350,000

350,120

7

(a)

Security

exempt

from

registration

pursuant

to

Rule

144A

under

the

Securities

Act

of

1933.

These

securities

may

be

resold

in

transactions

exempt

from

registration,

normally

to

qualified

institutional

buyers.

At

December

31,

2021,

these

securities

were

valued

at

$3,570,110

or

13.04%

of

net

assets.

(b)

Security

is

a

discount

security.

Income

is

recognized

through

the

accretion

of

discount.

(c)

Variable

rate

security

-

rate

shown

is

the

interest

rate

in

effect

at

period

end.

Security

description

also

includes

the

reference

rate

and

spread

if

published

and

available.

(d)

Investment

in

affiliated

issuer.

The

investment

objective

of

this

investment

company

is

publicly

available

and

can

be

found

within

the

investment

company’s

prospectus.

Holdings

and

transactions

in

these

affiliated

companies

during

the

period

ended

December

31,

2021

are

as

follows:

(e)

The

rate

shown

is

the

1-day

yield

as

of

December

31,

2021.

See

Notes

to

Financial

Statements

BNY

Mellon

Ultra

Short

Income

ETF

(continued)

Description

Principal

Amount

($)

Value

($)

Corporate

Bonds

–

37.8%

(continued)

Telecommunications

–

2.6%

(continued)

Verizon

Communications,

Inc.,

0.55%

(3

Month

SOFR

+

0.50%),

3/22/2024

(c)

350,000

351,469

701,589

Total

Corporate

Bonds

(cost

$10,431,225)

10,336,666

Negotiable

Bank

Certificates

of

Deposit

–

1.8%

Nordea

Bank

Abp

,

0.19%,

9/19/2022

500,000

499,560

Total

Negotiable

Bank

Certificates

of

Deposit

(cost

$500,000)

499,560

Shares

Investment

Companies

–

0.0%

Registered

Investment

Companies

–

0.0%

Dreyfus

Institutional

Preferred

Government

Money

Market

Fund,

Institutional

Shares,

0.01%

(d)(e)

(cost

$11,989)

11,989

11,989

Total

Investments

(cost

$27,462,046)

99.9%

27,336,270

Cash

and

Receivables

(Net)

0.1%

39,833

Net

Assets

100.0%

27,376,103

BSBY—Bloomberg

Short-Term

Bank

Yield

Index

SOFR—Secured

Overnight

Financing

Rate

Description

Value

8/09/21

Purchases

($)

1

Sales

($)

Net

Realized

Gain

(Loss)

($)

Net

Change

in

Unrealized

Appreciation

(Depreciation)

($)

Value

12/31/21

Net

Assets

(%)

Dividends/

Distributions

($)

Investment

Companies

Dreyfus

Institutional

Preferred

Government

Money

Market

Fund,

Institutional

Shares

—

17,531,643

(17,519,654)

—

—

11,989

0.0

12

Total

—

17,531,643

(17,519,654)

—

—

11,989

0.0

12

1

Includes

reinvested

dividends/distributions.

Portfolio

Summary

(Unaudited)

†

Value

(%)

Financial

83.8

Consumer,

Non-cyclical

4.5

Consumer,

Cyclical

4.4

Communications

2.6

Industrial

2.2

Energy

1.3

Technology

1.1

Registered

Investment

Companies

0.0

99.9

†

Based

on

net

assets.

8

STATEMENT

OF

ASSETS

AND

LIABILITIES

(Unaudited)

December

31,

2021

space

See

Notes

to

Financial

Statements

Assets

($):

Investments

in

securities—See

Statement

of

Investments

†

:

–

Unaffiliated

issuers

27,324,281‌

Affiliated

issuers

11,989‌

Interest

receivable

59,979‌

Dividends

receivable

2‌

27,396,251‌

Liabilities

($):

Due

to

BNY

Mellon

ETF

Investment

Adviser,

LLC—Note

3(b)

2,922‌

Distributions

payable—Note

2(e)

17,226‌

20,148‌

Net

Assets

($)

27,376,103‌

Composition

of

Net

Assets

($):

Paid-in

capital

27,510,666‌

Total

distributable

earnings

(loss)

(134,563‌)

Net

Assets

($)

27,376,103‌

Shares

outstanding

no

par

value

(unlimited

shares

authorized):

550,001‌

Net

asset

value

per

share

49.77‌

Market

price

per

share

49.77‌

†

Investments

at

cost

($)

Unaffiliated

issuers

27,450,057‌

Affiliated

issuers

11,989‌

9

STATEMENT

OF

OPERATIONS

(Unaudited)

For

the

Period

from

August

11,

2021

(commencement

of

operations)

to

December

31,

2021

space

See

Notes

to

Financial

Statements

Investment

Income

($):

Income:

Cash

dividends:

Affiliated

issuers

12‌

Interest

73,721‌

Total

Income

73,733‌

Expenses:

Management

fees—Note

3(a)

13,153‌

Total

Expenses

13,153‌

Investment

Income—Net

60,580‌

Realized

and

Unrealized

Gain

(Loss)

on

Investments—Note

4

($):

Net

realized

gain

(loss)

on

investments

(8,841‌)

Net

change

in

unrealized

appreciation

(depreciation)

on

investments

(125,776‌)

Net

Realized

and

Unrealized

Gain

(Loss)

on

Investments

(134,617‌)

Net

Increase

(Decrease)

in

Net

Assets

Resulting

from

Operations

(74,037‌)

10

STATEMENT

OF

CHANGES

IN

NET

ASSETS

space

See

Notes

to

Financial

Statements

For

the

Period

from

August

11,

2021

(a)

to

December

31,

2021

(Unaudited)

Operations

($):

Investment

income—net

60,580‌

Net

realized

gain

(loss)

on

investments

(8,841‌)

Net

change

in

unrealized

appreciation

(depreciation)

on

investments

(125,776‌)

Net

Increase

(Decrease)

in

Net

Assets

Resulting

from

Operations

(74,037‌)

Distributions

($):

Distributions

to

shareholders

(60,526‌)

Beneficial

Interest

Transactions

($):

Proceeds

from

shares

sold

29,999,537‌

Cost

of

shares

redeemed

(2,488,871‌)

Increase

(Decrease)

in

Net

Assets

from

Beneficial

Interest

Transactions

27,510,666‌

Total

Increase

(Decrease)

in

Net

Assets

27,376,103‌

Net

Assets

($):

Beginning

of

Period

—‌

End

of

Period

27,376,103‌

Changes

in

Shares

Outstanding:

Shares

sold

600,001‌

Shares

redeemed

(50,000‌)

Net

Increase

(Decrease)

in

Shares

Outstanding

550,001‌

(a)

Commencement

of

operations.

11

FINANCIAL

HIGHLIGHTS

The

following

tables

describe

the

performance

for

the

fiscal

period

indicated

and

these

figures

have

been

derived

from

the

fund’s

financial

statements.

See

Notes

to

Financial

Statements

For

the

Period

from

August

11,

2021

(a)

to

December

31,

2021

 (Unaudited)

Per

Share

Data

($):

Net

asset

value,

beginning

of

period

50.00‌

Investment

Operations:

Investment

income—net

(b)

0.11‌

Net

realized

and

unrealized

gain

(loss)

on

investments

(0.23‌)

Total

from

Investment

Operations

(0.12‌)

Distributions:

Dividends

from

investment

income—net

(0.11‌)

Net

asset

value,

end

of

period

49.77‌

Market

price,

end

of

period

(c)

49.77‌

Net

Asset

Value

Total

Return

(%)

(d)

(0.23‌)

Market

Price

Total

Return

(%)

(d)

(0.24‌)

Ratios/Supplemental

Data

(%):

Ratio

of

total

expenses

to

average

net

assets

0.12‌

(e)

Ratio

of

net

investment

income

to

average

net

assets

0.55‌

(e)

Portfolio

Turnover

Rate

(f)

16.00‌

Net

Assets,

end

of

period

($

x

1,000)

27,376‌

(a)

Commencement

of

operations.

(b)

Based

on

average

shares

outstanding.

(c)

The

mean

between

the

last

bid

and

ask

prices.

(d)

Net

asset

value

total

return

is

calculated

assuming

an

initial

investment

made

at

the

net

asset

value

at

the

beginning

of

the

period,

reinvestment

of

all

dividends

and

distributions

at

net

asset

value

during

the

period,

and

redemption

at

net

asset

value

on

the

last

day

of

the

period.

Net

asset

value

total

return

includes

adjustments

in

accordance

with

accounting

principles

generally

accepted

in

the

United

States

of

America

and

as

such,

the

net

asset

value

for

financial

reporting

purposes

and

the

returns

based

upon

those

net

asset

values

may

differ

from

the

net

asset

value

and

returns

for

shareholder

transactions.

Market

price

total

return

is

calculated

assuming

an

initial

investment

made

at

the

market

price

at

the

beginning

of

the

period,

reinvestment

of

all

dividends

and

distributions

at

market

price

during

the

period,

and

sale

at

the

market

price

on

the

last

day

of

the

period.

Total

investment

returns

calculated

for

a

period

of

less

than

one

year

are

not

annualized.

(e)

Annualized.

(f)

Portfolio

turnover

rate

is

not

annualized

for

periods

less

than

one

year,

if

applicable,

and

does

not

include

securities

received

or

delivered

from

processing

creations

or

redemptions.

12

NOTES

TO

FINANCIAL

STATEMENTS

NOTE

1—Organization:

BNY

Mellon

ETF

Trust

(the

“Trust”) is

registered as

a

Massachusetts

business

trust

under

the

Investment

Company

Act

of

1940,

as

amended

(the

“Act”),

as

an

open-end

management

investment

company.

The

Trust

operates

as

a

series

company

currently

consisting

of

thirteen

series,

including

BNY

Mellon

Ultra

Short

Income

ETF

(the

“fund”).

The

fund

had

no

operations

until

August

9,

2021

(commencement

of

operations),

other

than

matters

relating

to

its

organization

and

registration

under

the

Act.

The

investment

objective

of

the

fund

is

to

seek

high

current

income

consistent

with

the

maintenance

of

liquidity

and

low

volatility

of

principal.

BNY

Mellon

ETF

Investment

Adviser,

LLC

(the

“Adviser”),

a

wholly-owned

subsidiary

of

The

Bank

of

New

York

Mellon

Corporation

(“BNY

Mellon”),

serves

as

the

fund’s

investment

adviser.

Dreyfus

Cash

Investment

Strategies,

a

division

of

Mellon

Investments

Corporation

(the

“Sub-Adviser”),

a

wholly-owned

subsidiary

of

BNY

Mellon

and

an

affiliate

of

the

Adviser,

serves

as

the

fund’s

sub-investment

adviser.

The

Bank

of

New

York

Mellon,

a

subsidiary

of

BNY

Mellon

and

an

affiliate

of

the

Adviser,

serves

as

administrator,

custodian

and

transfer

agent

with

the

Trust.

BNY

Mellon

Securities

Corporation

(the

“Distributor”),

a

wholly-owned

subsidiary

of

the

Adviser,

is

the

distributor

of

the

fund’s

shares.

The

shares

of

the

fund

are

referred

to

herein

as

“Shares”

or

“fund’s

Shares.”

The

fund’s

Shares

are

listed

and

traded

on

NYSE

Arca,

Inc.

The

market

price

of

each

Share

may

differ

to

some

degree

from

the

fund’s

net

asset

value

(“NAV”).

Unlike

conventional

mutual

funds,

the

fund

issues

and

redeems

Shares

on

a

continuous

basis,

at

NAV,

only

in

a

large

specified

number

of

Shares,

each

called

a

“Creation

Unit.”

Creation

Units

are

issued

and

redeemed

principally

in

exchange

for

the

deposit

or

delivery

of

a

basket

of

securities.

Except

when

aggregated

in

Creation

Units

by

Authorized

Participants,

the

Shares

are

not

individually

redeemable

securities

of

the

fund.

Individual

fund

Shares

may

only

be

purchased

and

sold

on

the

NYSE

Arca,

Inc.,

other

national

securities

exchanges,

electronic

crossing

networks

and

other

alternative

trading

systems

through

your

broker-dealer

at

market

prices.

Because

fund

Shares

trade

at

market

prices

rather

than

at

NAV,

fund

Shares

may

trade

at

a

price

greater

than

NAV

(premium)

or

less

than

NAV

(discount).

When

buying

or

selling

Shares

in

the

secondary

market,

you

may

incur

costs

attributable

to

the

difference

between

the

highest

price

a

buyer

is

willing

to

pay

to

purchase

Shares

of

the

fund

(bid)

and

the

lowest

price

a

seller

is

willing

to

accept

for

Shares

of

the

fund

(ask). 

NOTE

2—Significant

Accounting

Policies: 

The

Financial

Accounting

Standards

Board

(“FASB”)

Accounting

Standards

Codification

(“ASC”)

is

the

exclusive

reference

of

authoritative

U.S.

generally

accepted

accounting

principles

(“GAAP”)

recognized

by

the

FASB

to

be

applied

by

nongovernmental

entities.

Rules

and

interpretive

releases

of

the

SEC

under

authority

of

federal

laws

are

also

sources

of

authoritative

GAAP

for

SEC

registrants. The

fund’s

an

investment

company

and

applies

the

accounting

and

reporting

guidance

of

the

FASB

ASC

Topic

946

Financial

Services-

Investment

Companies. The

fund’s

financial

statements

are

prepared

in

accordance

with

GAAP,

which

may

require

the

use

of

management

estimates

and

assumptions.

Actual

results

could

differ

from

those

estimates.  

The

Trust

accounts

separately

for

the

assets,

liabilities

and

operations

of

each

series.

Expenses

directly

attributable

to

each

series

are

charged

to

that

series’

operations;

expenses

which

are

applicable

to

all

series

are

allocated

among

them

on

a

pro

rata

basis.

The

Trust

enters

into

contracts

that

contain

a

variety

of

indemnifications.

The

fund’s

maximum

exposure

under

these

arrangements

is

unknown.

The

fund

does

not

anticipate

recognizing

any

loss

related

to

these

arrangements. 

(a)

Portfolio

valuation:

The

fair

value

of

a

financial

instrument

is

the

amount

that

would

be

received

to

sell

an

asset

or

paid

to

transfer

a

liability

in

an

orderly

transaction

between

market

participants

at

the

measurement

date

(i.e.,

the

exit

price).

GAAP

establishes

a

fair

value

hierarchy

that

prioritizes

the

inputs

of

valuation

techniques

used

to

measure

fair

value.

This

hierarchy

gives

the

highest

priority

to

unadjusted

quoted

prices

in

active

markets

for

identical

assets

or

liabilities

(Level

1

measurements)

and

the

lowest

priority

to

unobservable

inputs

(Level

3

measurements).

Additionally,

GAAP

provides

guidance

on

determining

whether

the

volume

and

activity

in

a

market

has

decreased

significantly

and

whether

such

a

decrease

in

activity

results

in

transactions

that

are

not

orderly.

GAAP

requires

enhanced

disclosures

around

valuation

inputs

and

techniques

used

during

annual

and

interim

periods.

Various

inputs

are

used

in

determining

the

value

of

the

fund’s

investments

relating

to

fair

value

measurements.

These

inputs

are

summarized

in

the

three

broad

levels

listed

below:

Level

1

—

unadjusted

quoted

prices

in

active

markets

for

identical

investments.

Level

2

—

other

significant

observable

inputs

(including

quoted

prices

for

similar 

investments,

interest

rates,

prepayment

speeds,

credit

risk,

etc.).

Level

3

—

significant

unobservable

inputs

(including

the

fund’s

own

assumptions

in

determining

the

fair

value

of

investments).

The

inputs

or

methodology

used

for

valuing

securities

are

not

necessarily

an

indication

of

the

risk

associated

with

investing

in

those

securities.

Changes

in

valuation

techniques

may

result

in

transfers

in

or

out

of

an

assigned

level

within

the

disclosure

hierarchy.

Valuation

techniques

used

to

value

the

fund’s

investments

are

as

follows:

Registered

investment

companies

that

are

not

traded

on

an

exchange

are

valued

at

their

net

asset

value

and

are

generally

categorized

within

Level 1

of

the

fair

value

hierarchy.

13

Investments

in

debt

securities

excluding

short-term

investments

(other

than

U.S.

Treasury

Bills),

are

valued

each

business

day

by

one

or

more

independent

pricing

services

(each,

a

“Service”)

approved

by

the

Trust

Board

of

Trustees

(the

“Board”).

Investments

for

which

quoted

bid

prices

are

readily

available

and

are

representative

of

the

bid

side

of

the

market

in

the

judgment

of

a

Service

are

valued

at

the

mean

between

the

quoted

bid

prices

(as

obtained

by

a

Service

from

dealers

in

such

securities)

and

asked

prices

(as

calculated

by

a

Service

based

upon

its

evaluation

of

the

market

for

such

securities).

Securities

are

valued

as

determined

by

a

Service,

based

on

methods

which

include

consideration

of

the

following:

yields

or

prices

of

securities

of

comparable

quality,

coupon,

maturity

and

type;

indications

as

to

values

from

dealers;

and

general

market

conditions.

Overnight

and

certain

other

short-term

debt

instruments

(excluding

U.S.

Treasury

Bills)

will

be

valued

by

the

amortized

cost

method,

which

approximates

value,

unless

a

Service

provides

a

valuation

for

such

security

or,

in

the

opinion

of

the

Board

or

a

committee

or

other

persons

designated

by

the

Board,

the

amortized

cost

method

would

not

represent

fair

value. These

securities

are

generally

categorized

within

Level

2

of

the

fair

value

hierarchy.

Each

Service

and

independent

valuation

firm

is

engaged

under

the

general

oversight

of

the

Board.

When

market

quotations

or

official

closing

prices

are

not

readily

available,

or

are

determined

not

to

reflect

accurately

fair

value,

such

as

when

the

value

of

a

security

has

been

significantly

affected

by

events

after

the

close

of

the

exchange

or

market

on

which

the

security

is

principally

traded

(for

example,

a

foreign

exchange

or

market),

but

before

the

fund

calculates

its

net

asset

value,

the

fund

may

value

these

investments

at

fair

value

as

determined

in

accordance

with

the

procedures

approved

by

the

Board.

Certain

factors

may

be

considered

when

fair

valuing

investments

such

as:

fundamental

analytical

data,

the

nature

and

duration

of

restrictions

on

disposition,

an

evaluation

of

the

forces

that

influence

the

market

in

which

the

securities

are

purchased

and

sold,

and

public

trading

in

similar

securities

of

the

issuer

or

comparable

issuers.

These

securities

are

either

categorized

within

Level

2

or

3

of

the

fair

value

hierarchy

depending

on

the

relevant

inputs

used.

For

securities

where

observable

inputs

are

limited,

assumptions

about

market

activity

and

risk

are

used

and

are

generally

categorized

within

Level

3

of

the

fair

value

hierarchy.

The

table

below

summarizes

the

inputs

used

as

of December

31,

2021

in

valuing

the

fund’s

investments:

Fair

Value

Measurements

(b) 

Securities

transactions

and

investment

income:

Securities

transactions

are

recorded

on

a

trade

date

basis.

Realized

gains

and

losses

from

securities

transactions

are

recorded

on

the

identified

cost

basis.

Dividend

income

is

recognized

on

the

ex-dividend

date

and

interest

income,

including,

where

applicable,

accretion

of

discount

and

amortization

of

premium

on

investments,

is

recognized

on

the

accrual

basis.

(c)

Affiliated

issuers:

Investments

in

other

investment

companies

advised

by

the

Adviser

are

defined

as

“affiliated”

under

the

Act. 

(d)

Risk:

Certain

events

particular

to

the

industries

in

which

the

fund’s

investments

conduct

their

operations,

as

well

as

general

economic,

political

and

public

health

conditions,

may

have

a

significant

negative

impact

on

the

investee’s

operations

and

profitability.

In

addition,

turbulence

in

financial

markets

and

reduced

liquidity

in

equity,

credit

and/or

fixed

income

markets

may

negatively

affect

many

issuers,

which

could

adversely

affect

each

fund.

Global

economies

and

financial

markets

are

becoming

increasingly

interconnected,

and

conditions

and

events

in

one

country,

region

or

financial

market

may

adversely

impact

issuers

in

a

different

country,

region

or

financial

market.

These

risks

may

be

magnified

if

certain

events

or

developments

adversely

interrupt

the

global

supply

chain;

in

these

and

other

circumstances,

such

risks

might

affect

companies

world-wide.

Recent

examples

include

pandemic

risks

related

to

COVID-19

and

aggressive

measures

taken

world-wide

in

response

by

governments,

including

closing

borders,

restricting

international

and

domestic

travel,

and

the

imposition

of

prolonged

quarantines

of

large

populations,

and

by

businesses,

including

changes

to

operations

and

reducing

staff.

The

effects

of

COVID-19

have

contributed

to

increased

volatility

in

global

markets

and

will

likely

affect

certain

countries,

companies,

industries

and

market

sectors

more

dramatically

than

others.

The

COVID-19

pandemic

has

had,

and

any

other

outbreak

of

an

infectious

disease

or

other

serious

public

health

concern

could

have,

a

significant

negative

impact

on

economic

and

market

conditions

and

could

trigger

a

Level

1

-

Unadjusted

Quoted

Prices

Level

2

-

Other

Significant

Observable

Inputs

Level

3

-

Significant

Unobservable

Inputs

Total

Assets

($)

Investments

In

Securities:

†

Asset-Backed

Securities

—

2,554,338

—

2,554,338

Commercial

Paper

—

13,933,717

—

13,933,717

Corporate

Bonds

—

10,336,666

—

10,336,666

Negotiable

Bank

Certificates

of

Deposit

—

499,560

—

499,560

Investment

Companies

11,989

—

—

11,989

†

See

Statement

of

Investments

for

additional

detailed

categorizations,

if

any.

14

NOTES

TO

FINANCIAL

STATEMENTS

(continued)

prolonged

period

of

global

economic

slowdown.

To

the

extent

the

fund

may

overweight

its

investments

in

certain

countries,

companies,

industries

or

market

sectors,

such

positions

will

increase the

fund’s

exposure

to

risk

of

loss

from

adverse

developments

affecting

those

countries,

companies,

industries

or

sectors.

The

fund

invests

in

debt

securities.

Failure

of

an

issuer

of

the

debt

securities

to

make

timely

interest

or

principal

payments,

or

a

decline

or

the

perception

of

a

decline

in

the

credit

quality

of

a

debt

security,

can

cause

the

debt

security’s

price

to

fall,

potentially

lowering

the

fund’s

share

price.

In

addition,

the

value

of

debt

securities

may

decline

due

to

general

market

conditions

that

are

not

specifically

related

to

a

particular

issuer,

such

as

real

or

perceived

adverse

economic

conditions,

changes

in

outlook

for

corporate

earnings,

changes

in

interest

or

currency

rates

or

adverse

investor

sentiment.

They

may

also

decline

because

of

factors

that

affect

a

particular

industry.

(e)

Dividends

and

distributions

to

shareholders:

Dividends

and

distributions

payable

to

shareholders

are

recorded

by

the

fund

on

the

ex-dividend

date.

The

fund

normally

declares

and

pays

dividends

from

investment

income-net

monthly.

Income

dividends

for

the

fund

may

vary

significantly

from

period

to

period. Dividends

from

net

realized

capital

gains,

if

any,

are

normally

declared

and

paid

annually,

but

the

fund

may

make

distributions

on

a

more

frequent

basis

to

comply

with

the

distribution

requirements

of

the

Internal

Revenue

Code

of

1986,

as

amended

(the

“Code”).

To

the

extent

that

net

realized

capital

gains

can

be

offset

by

capital

loss

carryovers

of

a

fund,

it

is

the

policy

of

the

fund

not

to

distribute

such

gains.

Income

and

capital

gain

distributions

are

determined

in

accordance

with

income

tax

regulations,

which

may

differ

from

GAAP.

On

December

28,

2021,

the

Board

declared

a

cash

dividend

of

$0.03132

per

share

from

investment

income-net,

payable

on

January

4,

2022

to

Common

shareholders

of

record

as

of

the

close

of

business

on

December

30,

2021.

The

ex-dividend

date

was

December

29,

2021.

(f)

Federal

income

taxes:

It

is

the

policy

of

the

fund

to

qualify

as

a

regulated

investment

company,

if

such

qualification

is

in

the

best

interests

of

its

shareholders,

by

complying

with

the

applicable

provisions

of

the

Code,

and

to

make

distributions

of

taxable

income

sufficient

to

relieve

it

from

substantially

all

federal

income

and

excise

taxes.

For

federal

income

tax

purposes,

the

fund

is

treated

as

a

separate

entity

for

the

purpose

of

determining

such

qualification.

As

of

and

during

the period

ended December

31,

2021,

the

funds

did

not

have

any

liabilities

for

any

uncertain

tax

positions.

The

fund

recognizes

interest

and

penalties,

if

any,

related

to

uncertain

tax

positions

as

income

tax

expense

in

the

Statement

of

Operations.

During

the period

ended December

31,

2021,

the

fund

did

not

incur

any

interest

or

penalties.

(g)

New

Accounting

Pronouncement:

In

March

2020,

the

FASB

issued

Accounting

Standards

Update

2020-04,

Reference

Rate

Reform

(Topic

848):

Facilitation

of

the

Effects

of

Reference

Rate

Reform

on

Financial

Reporting

(“ASU

2020-04”),

and

in

January

2021,

the

FASB

issued

Accounting

Standards

Update

2021-01,

Reference

Rate

Reform

(Topic

848):

Scope

(“ASU

2021-

01”),

which

provides

optional,

temporary

relief

with

respect

to

the

financial

reporting

of

contracts

subject

to

certain

types

of

modifications

due

to

the

planned

discontinuation

of

the

London

Interbank

Offered

Rate

(“LIBOR”)

and

other

Interbank

Offered

Rate

(“IBOR”)-based

reference

rates

as

of

the

end

of

2021.

The

temporary

relief

provided

by

ASU

2020-04

and

ASU

2021-01 is

effective

for

certain

reference

rate-related

contract

modifications

that

occur

during

the

period

from

March

12,

2020

through

December

31,

2022.

Management

is

evaluating

the

impact

of

ASU

2020-04

and

ASU

2021-01 on

the

fund’s

investments,

derivatives,

debt

and

other

contracts

that

will

undergo

reference

rate-related

modifications

as

a

result

of

the

reference

rate

reform.

NOTE

3—Management

Fee,

Sub-Investment

Advisory

Fee

and

Other

Transactions

with

Affiliates:

(a)

Fees

payable

by

the

fund

pursuant

to

the

provisions

of

a

management

agreement

with

the

Adviser

are

payable

monthly,

computed

at

an

annual

rate of

0.12%

of

the

value

of

the

fund’s

average

daily

net

assets.

The

fund’s

management

agreement

provides

that

the

Adviser

will

pay

substantially

all

expenses

of

the

fund,

except

for

the

management

fees,

payments

under

the

fund’s

12b-1

plan

(if

any),

interest

expenses,

taxes,

acquired

fund

fees

and

expenses,

brokerage

commissions,

costs

of

holding

shareholder

meetings,

fees

and

expenses

associated

with

the

fund’s

securities

lending

program,

and

litigation

and

potential

litigation

and

other

extraordinary

expenses

not

incurred

in

the

ordinary

course

of

the

fund’s

business.

The

Adviser

may

from

time

to

time

voluntarily

waive

and/or

reimburse

fees

or

expenses

in

order

to

limit

total

annual

fund

operating

expenses.

Any

such

voluntary

waiver

or

reimbursement

may

be

eliminated

by

the

Adviser

at

any

time.

During

the

period

ended

December

31,

2021,

there

were

no

reduction

in

expenses

pursuant

to

the

undertaking.

Pursuant

to

a

sub-investment

advisory

agreement

between

the

Adviser

and

the

Sub-Adviser,

the

Sub-Adviser

serves

as

the

fund’s

sub-investment

adviser

responsible

for

the

day-to-day

management

of

the

fund’s

portfolio.

The

Adviser

pays

the

sub-investment

adviser

a

monthly

fee

at

an

annual

percentage

of

the

value

of

the

fund's

average

daily

net

assets.

The

Adviser

has

obtained

an

exemptive

order

from

the

SEC

(the

“Order”),

upon

which

the

fund

may

rely,

to

use

a

manager

of

managers

approach

that

permits

the

Adviser,

subject

to

certain

conditions

and

approval

by

the

Board,

to

enter

into

and

materially

amend

sub-investment

advisory

agreements

with

one

or

more

sub-

investment

advisers

who

are

either

unaffiliated

or

affiliated

with

the

Adviser

without

obtaining

shareholder

approval.

The

Order

also

relieves

the

fund

from

disclosing

the

sub-investment

advisory

fee

paid

by

the

Adviser

to

a

sub-adviser

in

documents

filed

with

the

SEC

and

provided

to

shareholders.

In

addition,

15

pursuant

to

the

Order,

it

is

not

necessary

to

disclose

the

sub-

investment

advisory

fee

payable

by

the

Adviser

separately

to

a

sub-adviser

that

is

a

wholly-owned

subsidiary

(as

defined

in

the

1940

Act)

of

BNY

Mellon

in

documents

filed

with

the

SEC

and

provided

to

shareholders;

such

fees

are

to

be

aggregated

with

fees

payable

to

the

Adviser.

The

Adviser

has

ultimate

responsibility

(subject

to

oversight

by

the

Board)

to

supervise

any

sub-adviser

and

recommend

the

hiring,

termination,

and

replacement

of

any

sub-adviser

to

the

Board.

The

Adviser

will

pay

a

monthly

sub

advisory

fee

to

the

Sub-

Adviser

at

the

annual

rate

of

0.06%

of

the

value

of

the

fund’s

average

daily

net

assets.

The

adviser,

and

not

the

fund,

pays

the

Sub-Adviser

fee

rate.

(b)

The

fund

has

an

arrangement

with

the

custodian

whereby

the

fund

will

receive

interest

income

or

be

charged

overdraft

fees

when

cash

balances

are

maintained.

For

financial

reporting

purposes,

the

fund

includes

this

interest

income

and

overdraft

fees,

if

any,

as

interest

income

in

the

Statement

of

Operations.

The

components

of

“Due

to

BNY

Mellon

Investment

Adviser,

LLC”

in

the

Statement

of

Assets

and

Liabilities

consist

of:

management

fees

of $2,922.

(c)

Each

Board

member

serves

as

a

Board

member

of

the

fund

within

the

Trust.

Annual

retainer

fees

and

attendance

fees

are

allocated

to the

fund

based

on

net

assets.

NOTE

4—Securities

Transactions:

The

aggregate

amount

of

purchases

and

sales

(including

paydowns,

if

any)

of

investment

securities,

excluding

short-term

securities

and

in-kind

transactions, amounted

to $15,360,720

and

$1,839,309,

respectively.

At December

31,

2021,

accumulated

net

unrealized

depreciation on

investments

was

$125,776,

consisting

of

gross

unrealized

appreciation

of

$1,892

and

gross

depreciation

of

$127,668.

At

December

31,

2021,

the

cost

of

investments

for

federal

income

tax

purposes

was

substantially

the

same

as

the

cost

for

financial

reporting

purposes

(see

the

Statement

of

Investments).

NOTE

5—Shareholder

Transactions:

The

fund

issues

and

redeems

its

shares

on

a

continuous

basis,

at

NAV,

to

certain

institutional

investors

known

as

“Authorized

Participants”

(typically

market

makers

or

other

broker-dealers)

only

in

a

large

specified

number

of

shares

called

a

Creation

Unit.

Except

when

aggregated

in

Creation

Units,

shares

of

the

fund

are

not

redeemable.

The

value

of

the

fund

is

determined

once

each

business

day.

The

Creation

Unit

size

for the

fund

may

change.

Authorized

Participants

will

be

notified

of

such

change.

Creation

Unit

transactions

may

be

made

in-kind,

for

cash,

or

for

a

combination

of

securities

and

cash.

The

principal

consideration

for

creations

and

redemptions

for

the

fund

is

in-

kind,

although

this

may

be

revised

at

any

time

without

notice.

The

Trust

issues

and

sells

shares

of

the

fund

only:

in

Creation

Units

on

a

continuous

basis

through

the

Distributor,

without

a

sales

load,

at

their

NAV

per

share

determined

after

receipt

of

an

order,

on

any

Business

Day,

in

proper

form

pursuant

to

the

terms

of

the

Authorized

Participant

Agreement.

Transactions

in

capital

shares

for

the

fund

are

disclosed

in

detail

in

the

Statement

of

Changes

in

Net

Assets.

The

consideration

for

the

purchase

of

Creation

Units

of the

fund

may

consist

of

the

in-kind

deposit

of

a

designated

portfolio

of

securities

and

a

specified

amount

of

cash.

Investors

purchasing

and

redeeming

Creation

Units

may

pay

a

purchase

transaction

fee

and

a

redemption

transaction

fee

directly

to

the

Trust

and/or

custodian

to

offset

transfer

and

other

transaction

costs

associated

with

the

issuance

and

redemption

of

Creation

Units,

including

Creation

Units

for

cash.

An

additional

variable

fee

may

be

charged

for

certain

transactions.

Such

variable

charges,

if

any,

are

included

in

“Other

Capital”

on

the

Statement

of

Changes

in

Net

Assets.

In-kind

Redemptions:

For

financial

reporting

purposes,

in-

kind

redemptions

are

treated

as

sales

of

securities

resulting

in

realized

capital

gains

or

losses

to

the

fund.

Because

such

gains

or

losses

are

not

taxable

to

the

fund

and

are

not

distributed

to

existing

fund

shareholders,

the

gains

or

losses

are

reclassified

from

accumulated

net

realized

gain

(loss)

to

paid-in

capital

at

the

end

of

the

fund’s

tax

year.

These

reclassifications

have

no

effect

on

net

assets

or

net

asset

value

per

share.

During

the

period

ended

December

31,

2021,

the

fund

had

no

in-kind

transactions.

16

INFORMATION

ABOUT

THE

APPROVAL

OF

THE

FUND’S

MANAGEMENT

AND

SUB-

INVESTMENT

ADVISORY

AGREEMENTS

(Unaudited)

At

a

meeting

held

May

17,

2021,

the

Board

of

Trustees

of

the

Trust

(the

“Board”)

evaluated

proposals

to

approve

the

Management

Agreement

(the

“Agreement”)

between

the

Trust

and

BNY

Mellon

ETF

Investment

Adviser,

LLC

(the

“Adviser”)

pursuant

to

which

the

Adviser

will

provide

the

BNY

Mellon

Ultra

Short

Income

ETF

(the

“fund”),

which

commenced

operations

during

the

period

covered

by

this

Semiannual

Report,

with

investment

advisory

and

administrative

services,

and

the

Sub-

Investment

Advisory

Agreement

(together,

the

"Agreements"),

pursuant

to

which

Dreyfus

Cash

Investment

Strategies,

a

division

of

Mellon

Investments

Corporation

(the

"Sub-Adviser"),

an

affiliate

of

the

Adviser,

will

provide

day-to-day

management

of

the

fund’s

investments.

The

Board

was

advised

by

legal

counsel

throughout

the

process.

To

evaluate

the

Agreements,

the

Board

requested,

and

the

Adviser

and

Sub-Adviser

provided,

such

materials

as

the

Board,

with

the

advice

of

counsel,

deemed

reasonably

necessary.

In

deciding

whether

to

approve

the

Agreements,

the

Board

considered

various

factors,

including

the

(i)

nature,

extent

and

quality

of

services

expected

to

be

provided

by

the

Adviser

and

Sub-Adviser

under

each

respective

Agreement,

(ii)

fees

charged

to

comparable

funds,

(iii)

other

benefits

to

the

Adviser

and

Sub-

Adviser,

and

(iv)

extent

to

which

economies

of

scale

would

be

shared

as

the

fund

grows.

The

Board

considered

the

Agreements

for

the

fund

and

the

engagement

of

the

Adviser

and

the

Sub-

Adviser

separately.

Nature,

Extent

and

Quality

of

Services

The

Board

considered

the

nature,

extent

and

quality

of

services

expected

to

be

provided

by

the

Adviser

and

Sub-Adviser.

The

Board

reviewed

the

Agreements

and

the

Adviser’s

anticipated

responsibilities

of

investment

advisory

and

administrative

services

for

the

fund,

including

oversight

of

day-to-day

fund

operations,

fund

accounting,

administration,

and

assistance

in

meeting

legal

and

regulatory

requirements.

The

Board

considered

the

background

and

experience

of

the

Adviser

and

Sub-Adviser’s

senior

management,

including

those

individuals

responsible

for

portfolio

management

and

regulatory

compliance

of

the

fund.

The

Board

also

considered

the

Adviser’s

extensive

administrative,

accounting,

and

compliance

infrastructures,

as

well

as

the

Adviser’s

supervisory

activities

over

the

Sub-Adviser.

The

Board

appreciated

the

nature

of

the

fund

as

an

exchange-

traded

fund

and

the

experience

and

expertise

of

the

Sub-Adviser

with

exchange-traded

funds.

The

Board

considered

the

portfolio

management

resources,

structures

and

practices

of

the

Adviser

and

Sub-Adviser,

including

those

associated

with

monitoring

and

securing

the

fund’s

compliance

with

its

investment

objective

and

policy

and

with

applicable

laws

and

regulations.

The

Board

also

considered

information

about

the

Sub-Adviser’s

best

execution

procedures

and

overall

investment

management

business.

The

Board

looked

at

the

Adviser’s

general

knowledge

of

the

investment

management

business

and

that

of

its

affiliates,

including

the

Sub-

Adviser.

As

the

fund

had

not

yet

commenced

operations,

the

Board

was

not

able

to

review

the

fund’s

performance.

The

Board

discussed

with

representatives

of

the

Adviser

and

the

Sub-

Adviser

the

proposed

portfolio

management

team

and

the

investment

strategy

to

be

employed

in

the

management

of

the

fund's

assets.

The

Board

was

provided

with

relevant

composite

performance

information.

The

Board

considered

the

reputation

and

experience

of

the

Adviser

and

its

affiliates,

including

the

Sub-Adviser.

Fees

Charged

to

Comparable

Funds

The

Board

evaluated

the

fund’s

proposed

unitary

fee

through

review

of

comparative

information

with

respect

to

fees

paid

by

similar

funds

–

i.e.,

actively

managed

ultra

short

bond

exchange-traded

funds.

The

Board

reviewed

the

universe

of

similar

exchange-traded

funds

for

the

fund

based

upon

data

independently

obtained

from

Broadridge

Financial

Solutions,

Inc.

and

related

comparative

information

for

similar

exchange-

traded

funds.

The

Board

also

reviewed

the

estimated

expense

ratio

for

the

fund.

The

Board

considered

the

fee

to

be

paid

to

the

Sub-Adviser

in

relation

to

the

fee

to

be

paid

to

the

Adviser

by

the

fund

and

the

respective

services

to

be

provided

by

the

Sub-Adviser

and

the

Adviser.

The

Board

also

took

into

consideration

that

the

Sub-

Adviser's

fee

will

be

paid

by

the

Adviser

and

not

the

fund.

Other

Benefits

The

Board

also

considered

whether

the

Adviser,

Sub-Adviser

or

their

affiliates

benefited

in

other

ways

from

their

relationship

with

the

fund,

noting

that

neither

the

Adviser

nor

Sub-Adviser

maintains

soft-dollar

arrangements

in

connection

with

the

fund’s

brokerage

transactions.

Profitability

and

Economies

of

Scale

The

Board

reviewed

information

regarding

economies

of

scale

or

other

efficiencies

that

may

result

as

the

fund’s

assets

grow

in

size.

The

Board

noted

that

the

Agreement

did

not

provide

for

breakpoints

in

the

fund’s

advisory

fee

rate

as

assets

of

the

fund

increase.

However,

the

Board

further

noted

the

Adviser’s

assertion

that

future

economies

of

scale

(among

several

factors)

had

been

taken

into

consideration

for

the

fund

by

fixing

relatively

low

advisory

fees,

effectively

sharing

the

benefits

of

lower

fees

with

the

fund

from

the

time

of

its

inception.

The

Adviser

also

asserted

that

one

of

the

benefits

of

the

unitary

fee

was

to

provide

an

unvarying

expense

structure,

which

could

be

lost

or

diluted

with

the

addition

of

breakpoints.

The

Board

noted

that,

because

the

fund

is

new,

there

are

no

economies

of

scale

to

share,

but

it

intends

to

continue

to

monitor

fees

as

the

fund

grows

in

size

and

to

the

extent

in

the

future

it

were

determined

that

material

economies

of

scale

had

not

been

shared

with

the

fund,

the

Board

would

seek

to

have

those

economies

of

scale

shared

with

the

fund

in

connection

with

future

renewals.

As

the

fund

had

not

yet

commenced

operations,

the

Adviser’s

representatives

were

not

able

to

review

the

dollar

amount

of

expenses

allocated

and

profit

received

by

the

Adviser

or

Sub-Adviser.

17

Conclusion

After

weighing

the

foregoing

factors,

none

of

which

was

dispositive

in

itself

and

may

have

been

weighed

differently

by

each

Trustee,

the

Board

approved

the

Agreements

for

the

fund.

The

Board’s

conclusions

with

respect

to

the

factors

were

as

follows:

(a)

the

nature

and

extent

of

the

services

expected

to

be

provided

by

the

Adviser

and

Sub-Adviser

with

respect

to

the

fund

was

appropriate;

(b)

the

Adviser’s

unitary

fee

for

the

fund,

considered

in

relation

to

services

expected

to

be

provided

and

in

relation

to

fees

charged

to

comparable

funds,

was

fair

and

reasonable;

and

(c)

any

additional

potential

benefits

to

the

Adviser,

Sub-Adviser

or

their

affiliates

were

not

of

a

magnitude

to

materially

affect

the

Board’s

conclusions.

For

More

Information

2022

BNY

Mellon

Securities

Corporation

4862SA1221

Telephone

Call

your

financial

representative

or

1-833-ETF-BNYM

(383-2696)

(inside

the

U.S.

only)

Mail

BNY

Mellon

ETF

Trust,

240

Greenwich

Street,

New

York,

New

York

10286

E-Mail

Send

your

request

to

info@bnymellon.com

Internet

Information

can

be

viewed

online

or

downloaded

at

www.im.bnymellon.com

BNY

Mellon

ETF

Trust

discloses,

at

www.im.bnymellon.com

,

the

identities

and

quantities

of

the

securities

held

by

each

fund

daily.

Each

fund

files

its

complete

schedule

of

portfolio

holdings

with

the

Securities

and

Exchange

Commission

(

“

SEC

”

)

for

the

first

and

third

quarters

of

each

fiscal

year

on

Form

N-PORT.

Each

fund

’

s

Forms

N-PORT

are

available

on

the

SEC

’

s

website

at

www.sec.gov

.

Additionally,

each

fund

makes

its

portfolio

holdings

for

the

first

and

third

quarters

of

the

most

recent

fiscal

year

available

at

https://

im.bnymellon.com/etfliterature

.

Each

fund

’

s

complete

schedule

of

portfolio

holdings,

as

filed

on

Form

N-PORT,

can

also

be

obtained

without

charge,

upon

request,

by

calling

1-833-383-2696.

A

description

of

the

policies

and

procedures

that

each

fund

uses

to

determine

how

to

vote

proxies

relating

to

portfolio

securities,

and

information

regarding

how

each

fund

voted

these

proxies

for

the

most

recent

12-month

period

ended

June

30

is

available

at

www.

im.bnymellon.com

and

on

the

SEC’s

website

at

www.sec.gov

.

The

description

of

the

policies

and

procedures

is

also

available

without

charge,

upon

request,

by

calling

1-833-383-2696.

BNY

Mellon

ETF

Trust

Custodian

c/o

BNY

Mellon

ETF

Investment

Adviser,

LLC

240

Greenwich

Street

New

York,

NY

10286

The

Bank

of

New

York

Mellon

240

Greenwich

Street

New

York,

NY

10286

Adviser

Transfer

Agent

&

Dividend

Disbursing

Agent

BNY

Mellon

ETF

Investment

Adviser,

LLC

201

Washington

Street

Boston,

MA

02108

The

Bank

of

New

York

Mellon

240

Greenwich

Street

New

York,

NY

10286

Sub-Adviser

Distributor

Dreyfus

Cash

Investment

Strategies,

a

division

of

Mellon

Investments

Corporation

BNY

Mellon

Center

One

Boston

Place

Boston,

MA

02108

BNY

Mellon

Securities

Corporation

240

Greenwich

Street

New

York,

NY

10286

Ticker

Symbol:

BNY

Mellon

Ultra

Short

Income

ETF

BKUI

Item 1. Reports to Stockholders (cont.).

(b)   Not applicable.

Item 2. Code of Ethics.

Not applicable.

Item 3. Audit Committee Financial Expert.

Not applicable.

Item 4. Principal Accountant Fees and Services.

Not applicable.

Item 5. Audit Committee of Listed Registrants.

Not applicable.

Item 6. Investments.

(a)        The Schedule of Investments in securities of unaffiliated issuers as of the close of the Reporting Period is included as part of the report to shareholders filed under Item 1(a) of this Form N-CSR.

(b)        Not applicable.

Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

Not applicable.

Item 8. Portfolio Managers of Closed-End Management Investment Companies.

Not applicable.

Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.

Not applicable.

Item 10. Submission of Matters to a Vote of Security Holders.

There have been no material changes to the procedures by which the shareholders may recommend nominees to the Registrant’s Board of Trustees, where those changes were implemented after the Registrant last provided disclosure in response to the requirements of Item 407(c)(2)(iv) of Regulation S-K (17 CFR 229.407) (as required by Item 22(b)(15) of Schedule 14A (17 CFR 240.14a-101)), or this Item.

Item 11. Controls and Procedures.

(a)

The Registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the Registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”) (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of the report that includes the disclosure required by this paragraph, based on their evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended (17 CFR 240.13a-15(b) or 240.15d-15(b)).

(b)

There were no changes in the Registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d))) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the Registrant’s internal control over financial reporting.

Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.

Not applicable.

Item 13. Exhibits.

(a)(1)   Not applicable.

(a)(2)  

Certifications pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act of 2002 are attached hereto.

(a)(3)   Not applicable.

(a)(4)   Not applicable.

(b)        

Certifications pursuant to Rule 30a-2(b) under the 1940 Act and Section 906 of the Sarbanes-Oxley Act of 2002 are attached hereto.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant)                        BNY Mellon ETF Trust                                 

By (Signature and Title)*   /s/ David J. DiPetrillo

                                           David DiPetrillo, President

                                                (Principal Executive Officer)

Date            02/22/2022     

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By (Signature and Title)*   /s/ David J. DiPetrillo                                     
                                           David DiPetrillo, President

                                                (Principal Executive Officer)

Date            02/22/2022     

By (Signature and Title)*   /s/ James Windels                                          
                                           James Windels, Treasurer

                                                (Principal Financial and Accounting Officer)

Date            02/22/2022     

*

Print the name and title of each signing officer under his or her signature.

EX-99.906 CERT

Certification Pursuant to Rule 30a-2(b) under the 1940 Act and

Section 906 of the Sarbanes-Oxley Act of 2002

Each of the undersigned hereby certifies that:

1.

The Form N-CSR of BNY Mellon ETF Trust (the “Report”) fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

2.

The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of BNY Mellon ETF Trust.

Date:           02/22/2022                                          /s/ David J. DiPetrillo                         

David DiPetrillo

, President

                                                                                    (Principal Executive Officer)

Date:           02/22/2022                                          /s/ James Windels                              

                                                                                    James Windels, Treasurer

                                                                                    (Principal Financial and Accounting Officer)

EX-99.CERT

Certification Pursuant to Rule 30a-2(a) under the 1940 Act and

Section 302 of the Sarbanes-Oxley Act of 2002

I, David DiPetrillo, certify that:

1.

I have reviewed this report on Form N-CSR of BNY Mellon ETF Trust;

2.

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4.

The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

(a)  Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)  Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)  Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5.         The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a)  All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

(b)  Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:           02/22/2022                                          /s/ David J. DiPetrillo                         

David DiPetrillo

, President

                                                                                    (Principal Executive Officer)

Certification Pursuant to Rule 30a-2(a) under the 1940 Act and

Section 302 of the Sarbanes-Oxley Act of 2002

I, James Windels, certify that:

1.

I have reviewed this report on Form N-CSR of BNY Mellon ETF Trust;

2.

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4.

The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

(a)  Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)  Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)  Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5.         The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a)  All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

(b)  Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date:           02/22/2022                                          /s/ James Windels                  

                                                                                    James Windels, Treasurer

                                                                                    (Principal Financial and Accounting Officer)