BNB rises 2.5%, nears $900 mark as prediction market growth signals utility expansion [Yahoo! Finance]
Nasdaq, Inc. (NDAQ)
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Source: Yahoo! Finance
The rally comes amid the debut of a physically backed BNB exchange-traded product (ETP) by crypto asset manager Virtune on Nasdaq Stockholm . The new product offers direct exposure to BNB with Coinbase as custodian and charges a 1.95% annual fee, further adding ways for investors to gain exposure to the cryptocurrency. The launch adds to a growing list of products tied to BNB, including Grayscale's recent U.S. filing for a spot ETF, GBNB. That filing comes while there is a still-pending BNB ETF bid by VanEck. While price action showed hesitation near previous resistance, volume picked up as BNB pushed above the $885 range, according to CoinDesk Research's technical analysis data model. The latest price move suggests fresh buying interest, although analysts continue to watch for signs of sustained momentum. Beyond price, BNB Chain is experiencing a surge in usage across prediction markets. Platforms like Opinion Labs and Probable have reported significant activity, with Opinion
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