Opinion: VanEck may have submitted the BNB ETF due to noticing CZ's relationships with some countries
Bloomberg senior ETF analyst Eric Balchunas posted on platform X that, "Many people criticized VanEck's submission of the BNB ETF application yesterday. However, if you consider some of Zhao Changpeng's (CZ) statements from last week, you would know that he is advising multiple governments on establishing cryptocurrency reserves, and has also suggested including BNB in those reserves. This might be why Jan VanEck took notice and acted. Again, this is just a hypothetical idea, but the logic is very clear."