Investment giant VanEck has filed for a spot Binance Coin (BNB) ETF in Delaware, potentially boosting BNB’s price in the coming months. The filing, submitted on April 1, marks a significant step toward launching the first BNB-specific ETF in the United States.
Currently, global markets offer BNB investment products like the 21Shares Binance BNB ETP, but no BNB ETF exists in the U.S.. The proposed “VanEck BNB Trust” highlights VanEck’s confidence in institutional demand for the fifth-largest cryptocurrency.
This filing is an early step before a formal ETF application to the U.S. Securities and Exchange Commission (SEC). VanEck, a leader in crypto ETFs, successfully launched spot Bitcoin and Ethereum ETFs last year.
BNB Price Outlook
BNB is trading around $599, down 1.5% in 24 hours. The RSI at 51.86 suggests neutral momentum but leaves room for a potential upward breakout.
Bollinger Bands are narrowing, signaling a possible volatility squeeze. If BNB breaks above the $618 resistance, it could reach $650 soon. Meanwhile, the MACD remains bearish, but a positive histogram shift could lead to a bullish crossover.
Crypto analyst CRYPTOWZRD notes that BNB is forming a widening wedge pattern on the daily chart. A breakout above the upper trendline could trigger a rally to $760, then $870. However, traders should wait for confirmation with strong volume.
BNB’s 24-hour trading volume surged 48%, reaching $2.16 billion, signaling increased market activity.
Factors Driving BNB’s Growth
Beyond the ETF filing, several key developments could push BNB higher:
✅ The Pascal hard fork boosted BNB Chain’s compatibility with Ethereum, attracting more developers.
✅ BNB Chain is gaining popularity for meme coin projects, with new tokens like Mubarak meme coin and CZ’s Dog BROCOLLI launching.
✅ Upcoming hard forks in April and June aim to improve transaction speeds, potentially driving BNB to new all-time highs.
With these factors in play, analysts believe BNB is positioned for long-term growth.
