Debut $BNB ETF by VanEck in the USA (Major Catalyst)
Investment giant VanEck has officially launched the first ETP/ETF in the United States directly linked to $BNB (traded on Nasdaq under the ticker VBNB).
This is a massive milestone as it opens the floodgates for traditional institutional investors from Wall Street, who until now couldn’t or didn’t want to buy BNB directly on crypto exchanges. The market reaction was instant: the trading volume for BNB derivatives surged by over 86% within a day.
This uptick occurred despite a negative incident this week – the exploit of the DxSale protocol on the $BNB Chain, which resulted in around $7.3 million in BNB being stolen. Clearly, institutional optimism surrounding the ETF fund completely overshadowed these local negative DeFi reports.
#BNB #ETF
Investment giant VanEck has officially launched the first ETP/ETF in the United States directly linked to $BNB (traded on Nasdaq under the ticker VBNB).
This is a massive milestone as it opens the floodgates for traditional institutional investors from Wall Street, who until now couldn’t or didn’t want to buy BNB directly on crypto exchanges. The market reaction was instant: the trading volume for BNB derivatives surged by over 86% within a day.
This uptick occurred despite a negative incident this week – the exploit of the DxSale protocol on the $BNB Chain, which resulted in around $7.3 million in BNB being stolen. Clearly, institutional optimism surrounding the ETF fund completely overshadowed these local negative DeFi reports.
#BNB #ETF