1 hour ago
A caller physically backed BNB exchange-traded merchandise launched connected Nasdaq Stockholm, adding to existing concern options.
Jan 27, 2026, 5:15 p.m.
The autochthonal token of the BNB Chain, BNB, extended its caller advance, climbing much than 5% to $893 arsenic it nears the $900 absorption level.
The rally comes amid the debut of a physically backed BNB exchange-traded merchandise (ETP) by crypto plus manager Virtune connected Nasdaq Stockholm. The caller merchandise offers nonstop vulnerability to BNB with Coinbase arsenic custodian and charges a 1.95% yearly fee, further adding ways for investors to summation vulnerability to the cryptocurrency.
The motorboat adds to a increasing database of products tied to BNB, including Grayscale’s caller U.S. filing for a spot ETF, GBNB. That filing comes portion determination is simply a still-pending BNB ETF bid by VanEck.
While terms enactment showed hesitation adjacent erstwhile resistance, measurement picked up arsenic BNB pushed supra the $885 range, according to CoinDesk Research's method investigation information model. The latest terms determination suggests caller buying interest, though analysts proceed to ticker for signs of sustained momentum.
Beyond price, BNB Chain is experiencing a surge successful usage crossed prediction markets. Platforms similar Opinion Labs and Probable person reported important activity, with Opinion Labs logging implicit $700 cardinal successful 7-day trading volume.
That’s according to information from Dune, which shows that cumulative trading volumes connected the BNB Chain coming successful from prediction markets person present crossed the $20 cardinal mark.
Probable, which launched successful December, has already surpassed $1 cardinal successful cumulative measurement alone. Some of these markets are present integrating straight with wallets similar Binance Wallet and Trust Wallet, making it easier for users to entree them.
“We're expecting a afloat marketplace consolidation successful the adjacent 2-3 years, but astatine the infinitesimal we're seeing this maturation connected BNB Chain owed to differentiation crossed teams and products,” Nina Rong, Executive Director of Growth astatine BNB Chain, told CoinDesk successful an emailed statement.
Traders are present keeping a adjacent oculus connected the $900 people portion monitoring broader marketplace developments. The wide CoinDesk 20 (CD20) scale roseate astir 1% successful the past 24 hours, further boosting sentiment.
Disclaimer: Parts of this nonfiction were generated with the assistance from AI tools and reviewed by our editorial squad to guarantee accuracy and adherence to our standards. For much information, spot CoinDesk's afloat AI Policy.
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