Jan 9, 2026
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Grayscale Files for Spot BNB ETF as Analysts Predict $1000 Rally
- Grayscale has filed for a spot BNB ETF, aiming to launch an exchange-traded fund for Binance Coin.
- The filing is registered in Delaware and marks a preliminary step before applying to the SEC.
- This move follows VanEck's similar efforts for a BNB-focused ETF.
- Grayscale already offers ETFs for Solana, Chainlink, and XRP.
- BNB price has increased by 1.79% following the ETF filing and is trading under $900 resistance.
- Analysts predict a potential rally to $1,000, noting bullish momentum and technical patterns.
- Crypto analyst Crypto Rand highlighted BNB's double-bottom pattern above $850, suggesting a breakout could lead to $1,000.
- Another analyst, Crypto Patel, sees long-term targets up to $20,000 if bullish trends continue.
- BNB maintains strength above a multi-year trendline, with key support between $500-$800.