$BNB Surpasses $ETH and $BTC Following VanEck ETF Application

By: blockchainreporter|2025/05/06 18:45:01
0
Share
copy
$BNB, the native token of BNB Chain , has experienced massive growth on Monday. As per the latest reports, $BNB’s price has jumped by more than 2% over the past twenty-four hours. In this respect, the crypto asset has outcompeted Ethereum ($ETH) and Bitcoin ($BTC) after VanEck applied to launch $BNB ETFs, indicating the growing demand and interest.VanEck ETF Filing Fuels $BNB Rally$BNB’s latest upsurge has pushed it to surpass the top crypto assets Ethereum ($ETH) as well as Bitcoin ($BTC). This development has taken place after the recent filing submitted by VanEck, a prominent asset management firm, to release $BNB exchange-traded funds. The application has been filed with the United States Securities and Exchange Commission for the respective ETFs. As a result of this, $BNB exploded in terms of price performance over the past 24 hours.As per the market data, $BNB started the week by jumping to $597.33. On the other hand, Ethereum ($ETH) and Bitcoin ($BTC) made just slight gains of up to 0.96% and 0.20% respectively. Apart from this achievement, $BNB’s trading volume also surged sharply by a notable 10.67% over the same time. Hence, it reached the $1.46B mark in the meantime. However, irrespective of this increase, a 4.40% decline has taken place in the open interest in derivatives related to $BNB.$BNB ETFs Get Massive Attention after $BTC and $ETH spot ETFsIn line with the market data, the $BNB ETF filing by VanEck serves as a key detection point, getting substantial attention after the approvals of spot ETFs for Ethereum and Bitcoin. Moreover, Kyrgyzstan and other such countries are also monitoring the developments in the ETF sector, while exploring suitable regulatory frameworks. Overall, the market snapshot presents a positive outlook for $BNB, showing the potential for a continued upward trajectory.

You may also like

Mining Exodus: Someone Holds $12.8 Billion AI Order

Mining Farms are Turning to AI Hashpower with no Turning Back.

March 6 Market Key Intelligence, How Much Did You Miss?

1. On-chain Funds: $16.3M USD has flowed into the OP Mainnet today; $13.7M USD has flowed out of Arbitrum 2. Largest Price Swings: $XPT, $AIX 3. Top News: Vitalik Calls on Ethereum Community to Shift Mindset, Uphold Core Principles, and Rethink Application Design "From Scratch"

a16z: The True Opportunity of Stablecoins is in Complementing, Not Disrupting

The stablecoin opportunity lies with those merchants yet to come onboard.

Predict LALIGA Matches, Shoot Daily & Win BTC, USDT and WXT on WEEX

The WEEX × LALIGA campaign brought together football excitement and crypto participation through a dynamic interactive experience. During the event, users predicted matches, completed trading tasks, and took daily shots to compete for rewards including BTC, USDT, WXT, and exclusive prizes.

Ray Dalio Dialogue: Why I'm Betting on Gold and Not Bitcoin

Gold is the only asset with a long-term history that can be transferred, is not easily replicable, and does not rely on anyone else's promise. Most currencies, debts, stocks, etc., are just promises of someone honoring their purchasing power.

Who Took the Money in the AI Era? A Must-See Investment Checklist for HALO Asset Trading

A one-page paper listed a series of questions about the potential impact of AI progress. Looking back over two years later, these questions appear particularly prescient, although none of them provided a definitive answer at the time.

Popular coins

Latest Crypto News

Read more