The Global Investment Management Company VANECK has officially registered a legal fund at DEAWARE For Benance’s BNB (BNB) Traved Racked (ETF).
This step is the first attempt to launch the BNB ETF site in the United States. It is possible to open new ways for institutional investors and retail investors for asset exposure through an organized investment vehicle.
Vaneck moves forward with BNB ETF
Confidence was registered on March 31 under the name “VANECK BNB ETF” with the presentation of No. 10148820.
The proposed bnb etf will track the BNB price. This is the original cryptocurrency of the BNB series, which was developed by Binance Cryptocurrency Exchang.
According to the latest data, BNB is ranked fifth through the encrypted currency through the market value of $ 87.1 billion. Although it was placed in the important market, both the BNB price and the broader encrypted currency market faced some challenges recently.
During the past month, Altcoin’s value decreased by 2.2 %. At the time of writing this report, BNB was trading at $ 598. This represents a decrease of 1.7 % in the past 24 hours, according to data from Beincrypto.
Although the confidence file has not yet increased prices, society remains optimistic about BNB’s possibilities, especially with this new development.
“Send BNB to the moon now,” an analyst to publish On x (previously Twitter).
The deposit comes a few weeks after Vaneck takes a similar step for Avalanche (Avax). On March 10, VANECK registered confidence in ETF focused on Avax.
This was followed by the speed of submitting a S-1 registration statement with the US Securities and Stock Exchange Committee (SEC). Looking at this previous, a similar S-1 file can be followed by BNB ETF soon.
“A big step towards bringing BNB to institutional investors in the United States!” Another analyst books.
Meanwhile, the industry has witnessed an flow of encryption boxes in the Supreme Education Council after the election of Al -Moayyad administration. In fact, a recent survey revealed that 71 % of ETF investors ascend to encryption and plan to increase their allocations to the investment funds circulated in the encrypted currency in the next 12 months.
“Three quarters of allocations expect their investments to be increased in traded investment funds that focus on the currency encrypted over the next 12 months, with the highest demand in Asia (80 %), and the United States (76 %), unlike Europe (59 %), open.
This increased interest in the investment funds circulating in encryption can pay more demand for assets like BNB, which makes Vaneck Bnb Etf a potential product in the market.
Disintegration
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