Investment giant VanEck took a major step in the cryptocurrency space by officially filing for a spot Binance Coin (BNB) exchange-traded fund (ETF) in Delaware. This filing could mark a significant development for BNB, the fifth-largest cryptocurrency, and signals VanEck’s growing confidence in institutional interest.
While BNB-related investment products, such as the 21Shares Binance BNB ETP, exist globally, no BNB-specific ETF has been launched in the United States—until now. The proposed “VanEck BNB Trust” marks an essential first step, as the trust entity will pave the way for a formal application to the U.S. Securities and Exchange Commission (SEC). This move comes as VanEck continues to lead the crypto ETF space, having already launched successful spot Bitcoin and Ethereum ETFs in 2024.
BNB ETF filing by VanEckhttps://t.co/4GuXMDkzCc
— CZ 🔶 BNB (@cz_binance) April 2, 2025
BNB Price Outlook: Neutral Momentum with Bullish Potential
Currently trading around $599, BNB is down 1.5% in the past 24 hours. The daily chart shows a neutral RSI at 51.86, suggesting potential for upward movement but also signaling that bearish pressure could emerge. Bollinger Bands are narrowing, indicating volatility contraction, but a breakout above the middle band of $618 could lead to a sharp price move. If BNB surpasses this resistance, analysts predict a target of $650 in the short term.
The MACD also shows bearish momentum, with the red line above the blue. However, traders are awaiting a potential bullish crossover, especially if the histogram turns positive. Some analysts predict a breakout could push BNB to $760, followed by $870.
🚨 WIDENING WEDGE
— CRYPTOWZRD (@cryptoWZRD_) April 1, 2025
It’s maturity..
⚠️ The Widening wedge in $BNB continues, a breakout of upper TL of the widening wedge will trigger a larger rally to $760 and then $870 🚀
Ticking bomb… https://t.co/Uugvavvv9L pic.twitter.com/ZldcOwilEh
Catalysts for BNB Growth
Beyond the ETF filing, BNB’s growth potential is bolstered by recent developments. The Pascal hard fork has enhanced BNB Chain’s compatibility with Ethereum, attracting more developers and users. Additionally, the network’s increasing popularity with meme coin projects, such as Mubarak and CZ’s Dog BROCOLLI, highlights growing ecosystem activity.
Also Read: VanEck Files for Avalanche ETF: Can AVAX Rebound After Market Crash?
With further hard forks planned for April and June to improve transaction speeds, analysts suggest BNB could soon reach new all-time highs.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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