Grayscale filed a second amended S-1 for its spot BNB ETF, indicating active engagement with the U.S. SEC, while Vaneck submitted a competing update the same day. Both firms are advancing their applications for ETFs based on Binance's BNB token, which is the third-largest crypto asset by market cap. Coinbase will serve as custodian for both ETFs, but SEC approval and a Nasdaq rule change are still needed before trading can begin. The simultaneous filings highlight a competitive urgency, with potential price impacts on BNB if approved.
Grayscale and VanEck have filed amendments to their Spot Binance Coin (BNB) ETF applications with the SEC, indicating progress toward approval. Bloomberg analyst James Seyffart noted these updates suggest feedback from the SEC and a potential near-fu...
BNB Chain currently processes about 40% of all global stablecoin transactions and supports millions of monthly users. It holds around $4 billion in tokenized real-world assets and serves approximately 60,000 RWA holders, positioning itself as a key p...
BNB price recently traded near $660 after briefly surpassing $690, recovering from April lows around $580. Grayscale's second amendment to its spot BNB ETF filing with the SEC highlights ongoing institutional interest, though regulatory approval rema...
The cryptocurrency market experienced a decline with Bitcoin dropping 2.69% to $79,086 and major altcoins like Ethereum, XRP, and Solana also falling. Trading volumes across spot, stablecoin, and derivatives markets weakened significantly, signaling ...
Garrett Jin, a former Ethereum whale, has recently acquired over 71,000 Binance Coin (BNB), worth nearly $50 million, signaling a possible shift in smart money from ETH to BNB. This move aligns with broader whale accumulation trends and coincides wit...
