On May 5, 2025, investment company VanEck filed an application with the SEC to create the first spot BNB-ETF in the US, marking a significant event for the altcoin market. However, despite expectations, the BNB price remained stable, fluctuating around $592 according to CoinMarketCap. Analysts note that the market is already focused on Bitcoin ETFs, while interest in altcoins like BNB is currently limited. Changpeng Zhao, former CEO of Binance, expressed optimism about the future of the BNB-ETF at the Token2049 conference, but emphasized that investor attention remains on Bitcoin.
The lack of price reaction may be related to uncertainty regarding SEC approval, which, according to Bloomberg forecasts, may be postponed until October. Additionally, BNB shows resilience due to the strong Binance Smart Chain ecosystem and high market capitalization ($83.79 billion). The further development of events will depend on regulatory decisions and market sentiments.
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