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BNB derivatives surge 35% amid US spot ETF debut, outpacing XRP and Dogecoin in market interest.

Market News
31 May 2026
Cointribune
View Source
Bullish
pluang ai news

BNB's open interest in derivatives jumped 35% to $1.43 billion within 24 hours, surpassing XRP and Dogecoin. This surge coincides with the launch of the first BNB spot ETF in the US by VanEck, boosting institutional interest. BNB's price rose over 7%, reflecting renewed investor enthusiasm. Key price levels around $570 and $687 will likely influence BNB's next market direction, with potential for either bullish acceleration or consolidation.

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