In a move that could only be described as either a stroke of genius or a desperate cry for relevance, investment behemoth VanEck has filed for a spot Binance Coin (BNB) exchange-traded fund (ETF) in Delaware. The filing, submitted on April 1—a date that surely carries no significance whatsoever—sets the stage for what might be the most dramatic development in the crypto world since someone decided to name a coin “Dogecoin.”
BNB ETF filing by VanEck
— CZ 🔶 BNB (@cz_binance) April 2, 2025
While BNB-related investment products like the 21Shares Binance BNB ETP already exist in global markets, the United States has yet to see a BNB-specific ETF. The proposed “VanEck BNB Trust” is either a bold bet on institutional interest in the fifth-largest cryptocurrency or a desperate attempt to stay relevant in a market that changes faster than a teenager’s mood.
This filing is the first step in a process that could lead to a formal ETF application to the Securities and Exchange Commission (SEC). VanEck, a pioneer in the crypto ETF space, has already launched spot Bitcoin and Ethereum ETFs, proving that they’re either visionaries or just really good at jumping on bandwagons.
BNB Price Outlook: A Rollercoaster of Emotions
BNB is currently trading around $599, down by 1.5% in the past 24 hours. The daily BNB price chart shows an RSI of 51.86, suggesting neutral momentum but leaving room for either a triumphant rally or a soul-crushing dip. The Bollinger Bands are narrowing, hinting at a volatility contraction, but a breakout could trigger a sharp move—either to the moon or to the abyss.

Source: TradingView
The MACD shows that the red line (signal line) is above the blue line (MACD line), signaling bearish control. However, if the histogram turns positive in the coming days, traders might see a slight bullish crossover—or just another false hope in a market that thrives on disappointment.

Source: TradingView
Popular crypto platform CRYPTOWZRD noted on X that BNB appears to be forming a widening wedge pattern on the daily chart. They predict that a price breakout above the upper trendline could ignite a rally to $760, followed by $870. But let’s be real, in the crypto world, predictions are about as reliable as a weather forecast in the middle of a hurricane.
🚨 WIDENING WEDGE
It’s maturity..
⚠️ The Widening wedge in $BNB continues, a breakout of upper TL of the widening wedge will trigger a larger rally to $760 and then $870 🚀
Ticking bomb…
— CRYPTOWZRD (@cryptoWZRD_) April 1, 2025
At the time of writing, BNB recorded a 48% surge in its 24-hour trading volume, sitting at $2.16 billion. Whether this is a sign of impending glory or just another pump-and-dump scheme remains to be seen.
Developments Potentially Boosting BNB’s Growth: Or Not
Apart from the ETF filing, several other factors could fuel the BNB rally in the coming months. The recent Pascal hard fork has increased BNB Chain’s compatibility with Ethereum, making it a more attractive ecosystem for developers and users alike. Or, you know, it could just be another update that no one really understands but everyone pretends to care about.
Additionally, BNB Chain has been gaining traction among meme coin projects, with new tokens such as the Mubarak meme coin and CZ’s Dog BROCOLLI launching on the network. Because what the world really needs is more meme coins, right?
It is interesting to note that the BNB network is preparing for additional hard forks in April and June, aiming to further improve transaction speeds. Analysts on X suggest that this could drive the token toward new all-time highs. Or, it could just be another overhyped update that fails to deliver. In the crypto world, it’s always a coin toss—pun intended.
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2025-04-02 13:03