Key notes
- Vaneck submitted the recording of the S-1 form for a first BNB ETF based in the United States.
- If it is approved, the FNB would make it possible to reach the BNB held to gain an additional return.
- BNB has been consolidated in a symmetrical triangle model since February, analysts soon providing an escape.
The American asset management giant Vaneck recently submitted the declaration of registration of the S-1 form for its fund (ETF) negotiated in exchange (ETF).
The document includes detailed information on the “Vaneck BNB ETF”, such as its commercial operations, its financial situation and the methodology to determine the price of the offer.
Vaneck filed the FNB with the United States Securities and Exchange (SEC) commission on March 31. He seeks to expose the BNB in a regulated framework, as is his previous success with Bitcoin and Ethers Ethereum.
Unlike the BNB ETP 21Shares available in Europe, Vaneck’s BNB ETF would target customers based in the United States. If it is approved by the SEC, the BNB owned in the trust could be marked out to win BNB or other additional income.
Although approval is not guaranteed, the story around BNB is already moving. From an active active in the past heavily linked to exchange, traders now consider it a key component of web infrastructure3.
BNB price prices
The deposit has aroused speculation around the growth of token prices and potential adoption in traditional financial systems. When writing the editorial’s moment, BNB is negotiated about $ 593, without loss or gain during the last day.
It is interesting to note that BNB has been negotiated in a symmetrical triangle model on the daily graphic since February. The price approaching the triangle apex, analysts believe that a break seems imminent.
If the bulls push the price above the resistance at $ 615, the next main target is between $ 640 and $ 650. However, ventilation lower than the $ 580 support could lead BNB to the lower trend line close to $ 560.
Bnb price that | Source: Commercial view
Meanwhile, on the daily BNB price table, the signal line is slightly above the MacD line, suggesting a minor down pressure. The histogram shows a minimum divergence, pointing to a potential momentum shift.
The RSI is around 52, indicating neutral impulse. This leaves room for price action to swing in both directions according to market catalysts.
BNB Prix table with Bollinger Bands | Source: Commercial view
On the other hand, Bollinger groups shrink with the price that is currently kissing the intermediary band (20 -day SMA). This alludes to a next major movement. A sustainable break above the upper band nearly $ 614 could cause bullish momentum.
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Cryptographic journalist with more than 5 years of experience in the industry, Parth has worked with the main media in the world of crypto and finance, the collection of experience and expertise in space after having survived bear markets and bulls over the years. STHTH is also an author of 4 self-published books.
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