- Vaneck applied for BNB ETF in the United States and is now waiting for the SEC decision.
- BSC’s Defi can see growth after approval from the ETF Scholarship Meeting.
Vaneck applied to introduce the first US -based BNB ETF to track the following: Binary Coin (BNB). Delaware registration began to stand as a historic tool for investors to investors for regulated cryptocurrency without requiring asset management or ownership.
As of the press time, the submission was waiting for the US Securities and Exchange Commission (SEC) approval, which will open a way for the liquor of more Altcoins in traditional financial institutions.
Through this ETF, investors are exposed to BNB and ecosystems, including BSC (Binance Smart Chain) and distributed applications, and can provide a simple and safe investment approach.
The fund is appealed to both institutions and retail investors by eliminating the complexity of wallet management and personal key protection. VANECK, famous for Bitcoin and Ether Rim ETF, is well positioned to meet the increasing demand for these products.
The approval of BNB ETF can improve market stability by increasing liquidity and injecting capital into the ecosystem.
But the regulatory problem related to the past problems of Binance still presents an important barrier to approval.
How can BNB ETF form a flaw?
The proposed VANECK BNB ETF can expose more users to BNB’s offering to further enhance the increasingly increasing defect ecosystem of BSC. PancakeSwap, along with 974K active users, remains the most popular DApp in BSC and reflects 2.12%growth.
Four MEMEs lead to 147K users and increase 68.4%, while Galxe and 1inch provide 47.4K and 40.9K users, respectively. The Venus Protocol has experienced the highest growth, and the number of users is increasing by 102%, increasing the popularity of BNB’s defect ecosystems.
If approved, the ETF, like ETF’s ETF launch, can lead to user growth, attract investment, and greatly improve defect activities.
Source: X
ETF rejection will potentially slow down defect operation. But if market sentiment is changed to negative, approval cannot necessarily lead to growth.
The role of CZ for the basic rise of BSC
In particular, the founder of Binance, Changpeng Zhao (CZ), continues to play a pivotal role in forming the core aspect of the BNB chain despite the static price.
The CZ actively approved the ETF submission by actively using X (previous Twitter), which can have a positive effect on the market by attracting institutional investors and increasing liquidity.
In addition, we focused on promoting initiatives such as chain memes, community participation, and strengthening user participation.
In addition, the CZ has recently donated $ 600,000 in $ 600,000 to support the earthquake relief between Thailand and Myanmar, raising the reputation of Binance.
The combination of ETF advocacy, MEME promotion and charity efforts leads to future growth by strengthening the usefulness and public image of BNB.