VanEck Files for Spot BNB Exchange-Traded Fund in Delaware
VanEck has filed for a spot BNB exchange-traded fund (ETF) in Delaware, marking a significant step as no BNB-specific ETF exists in the U.S. This filing establishes the foundation for potential institutional interest in BNB.
- The proposed "VanEck BNB Trust" is a precursor to a formal SEC ETF application.
- VanEck previously launched successful spot Bitcoin and Ethereum ETFs.
- Current BNB price is approximately $599, down 1.5% in 24 hours.
- Technical indicators show mixed signals: RSI at 51.86 suggests neutral momentum.
- Bollinger Bands indicate potential volatility contraction; a breakout could target $650.
- MACD indicates bearish control, but a positive histogram could signal a bullish crossover.
- Trading volume surged by 48%, reaching $2.16 billion.
Factors that may enhance BNB's growth include:
- Increased compatibility with Ethereum following the recent Pascal hard fork.
- Growing interest from meme coin projects launching on the BNB Chain.
- Upcoming hard forks planned for April and June aimed at improving transaction speeds.