🚀 Binance Coin (BNB) Price Rises After REX-Osprey Files ETF Application for Staking
🔹 Summary:
💰 REX-Osprey has filed to create a BNB Staking ETF in the United States, following similar steps by VanEck.
ℹ️ About REX-Osprey: It is an investment firm specializing in managing digital investment funds and cryptocurrencies, focusing on providing innovative products for institutional and individual investors.
📈 BNB prices rose by 2.5% to about $861 after the announcement.
🏦 The market capitalization of BNB reached around $120 billion, having hit a peak of $899.
🔹 Institutional Demand Increases:
🏢 Demand for BNB from institutional investors is gradually increasing.
🔑 Many companies are using BNB as a treasury management tool like Bitcoin and Ethereum.
📝 Examples:
💵 BNB Network Company (tBNC) raised $500 million to support its strategy.
🏥 Windtree Therapeutics secured a $500 million line of credit to finance its BNB project.
🌐 Nano Lab aims to buy up to $1 billion of BNB and has a long-term goal of holding 5–10% of the total supply.
🔹 Market Impact:
📊 The ETF application reflects a strong desire among institutions to invest in BNB.
🔥 Supply is limited, and quarterly burn operations increase demand pressure against supply.
🚀 BNB is ready to enter a strong bullish phase within the 2025 Crypto Bull Run.
