BNB Price Surges 42%—Is an All-Time High Coming After VanEck ETF Filing?

• VanEck, a global investment management firm, has formally registered a statutory trust in Delaware for Binance’s BNB ETF.
• This development has sparked interest in the community, leading to a 42% surge in BNB’s trading volume while it traded at $618.

On March 31, asset management firm VanEck filed to establish a Binance Coin (BNB) exchange-traded fund (ETF) under the name “VanEck BNB ETF” with filing number 10148820. The filing was officially recorded on Delaware’s state website, marking the first attempt to launch a BNB ETF in the U.S. market.

This move follows a report from CNF, stating that VanEck filed an S-1 registration statement with the Securities and Exchange Commission (SEC) to launch an Avalanche (AVAX)-based ETF, with a decision expected by November 2025. By pursuing a BNB ETF, VanEck is further expanding its cryptocurrency investment offerings, which already include ETFs for Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), reinforcing its commitment to the growing digital asset market.

BNB Market Reaction

Following the ETF filing, BNB experienced a significant surge in market activity. The trading volume spiked by 42%, reaching $2.19 billion. BNB currently holds the position of the fifth-largest cryptocurrency by market capitalization at $87.1 billion. At present, BNB is trading around $605, reflecting a 5.20% decline over the past week. With this dip, BNB remains 24% below its all-time high of $793.35, recorded in December 2024.

For BNB to regain its all-time high, it must complete a cup-and-handle formation at $662, a well-known bullish pattern that signals a potential breakout. Market analysts highlight this formation as a key indicator of an upcoming rally. If BNB successfully completes the handle and breaks above $662, it could trigger a strong upward momentum, paving the way for a retest of its previous high of $790 and potentially pushing even higher.

A BNB ETF would enable traditional investors to gain exposure to Binance Coin without the need to buy, store, or manage the cryptocurrency themselves. Bitcoin and Ethereum ETFs have already seen massive success in the U.S., attracting billions in investments. If approved, a BNB ETF could follow a similar trajectory, increasing demand, liquidity, and potentially boosting BNB’s price.

Beyond the ETF filing, several other factors are contributing to BNB’s strong outlook. The Pascal Hard Fork implementation has enhanced BNB Chain’s compatibility with Ethereum, improving transaction speeds and overall network efficiency. Additionally, BNB’s real-time burn mechanism continues to reduce its circulating supply, with 951.85 BNB worth approximately $571,747.74 burned in the past seven days, bringing the total burn value to nearly $160 million.

Furthermore, options market activity has surged, with trading volume skyrocketing 378.37% to $1.81 million and open interest growing 20.95% to $6.90 million, as reported by Coinglass. While VanEck’s ETF filing is a significant development, it remains a preparatory step before a formal application to the U.S. Securities and Exchange Commission (SEC), which will determine the fund’s approval and future impact.