$BNB As of May 5, 2025, Binance Coin (BNB) is trading at approximately $595.38 USD, reflecting a 0.78% increase over the past 24 hours. The day's trading has seen a high of $596.16 and a low of $584.65.
A notable development influencing BNB's market sentiment is the recent filing by asset manager VanEck with the U.S. Securities and Exchange Commission (SEC) to launch the first-ever BNB Exchange-Traded Fund (ETF) in the United States. This move has sparked discussions about BNB's potential for new all-time highs, as it could attract institutional investors and enhance the token's legitimacy in traditional financial markets.
Additionally, technical analysts have identified a classic chart formation in BNB's price action, suggesting a bullish trend with potential targets around $644. This pattern indicates sustained buying interest and could signal further upward momentum if the trend continues.
