
VanEck, a prominent American investment management firm, is set to launch the first Binance Coin (BNB) exchange-traded fund (ETF) in the United States. On March 31st, the firm filed to establish a trust entity in Delaware under filing number 10148820, as confirmed by public records on the state’s official website . This development serves as a preliminary measure before a formal application is submitted to the US Securities and Exchange Commission (SEC). If approved, the VanEck BNB ETF would become the first US-based ETF to track the price of Binance Coin, the fifth-largest cryptocurrency by market capitalization. While BNB-related products, such as the 21Shares Binance BNB ETP, are available in international markets, no similar ETF exists in the US. VanEck previously introduced spot Bitcoin and Ether ETFs in January and July 2024, respectively, after obtaining SEC approval. It also registered standalone ETFs for Solana and Avalanche in Delaware. Meanwhile, the latest filing did not immediately impact BNB’s market performance. In fact, the cryptocurrency is trading at approximately $605, with a 1.36% decline in the past 24 hours and a 4.3% drop over the past week. BNB witnessed modest gains after President Donald Trump’s financial venture, World Liberty Financial (WLFI), announced the launch of USD1, a USD-backed stablecoin built on the BNB Chain, last week. It briefly surged to about $620 on March 25th, followed by another uptrend above $640 three days later before declining again. In related news, Binance founder Changpeng ‘CZ’ Zhao announced that he is donating 500 BNB to aid victims of the Myanmar and Thailand earthquake. The former chief executive also sought suggestions on the most effective way to distribute the BNB for relief efforts. The post VanEck Seeks SEC Approval for US’s First BNB ETF in Delaware Filing appeared first on CryptoPotato .
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Crypto Ad-Tech Shop Builds `Retargeting` Service to Reel in Likely Customers

Web2 marketers have long had tricks to track down and "acquire" (in ad speak) likely customers. But Web3? Not so much, says ad-tech exec Asaf Nadler. His company Addressable, is out with a new service that Nadler, the chief operating officer, claims will improve the efficacy of Web3 marketing — from the perspective of salespeople, of course. It`s all about "retargeting" the most valuable potential customers: people who very nearly pressed buy, trade, sell, swap, join, but didn`t. Finding those folks in Web2 is straightforward given the troves of personal data scattered online. Crypto`s trickier because wallets are pseudonymous. The company`s database "bridges the gap," he said, and lets companies target their most likely customers. Such precision could be especially important if crypto`s bear market deepens into a blowout that pushes new users away. Economic malaise increases what traditional marketers call the "cost per acquisition" and what Addressable terms the "cost per wallet." "Especially in a bear market people aren`t as hyped about user acquisition," said Nadler, "But what founders care about is letting the community know they still care and reactivate them." Addressable isn`t building a doxxing service, says Nadler. While it might know on the backend that John Doe owns wallet abc123, it`s not passing that information to the client, say, CoinDEX. Instead its product lets CoinDEX target John Doe with ads so that wallet abc123 becomes a paying customer. Building the inference is Addressable`s specialty, he said. The company trawls social media posts for intel that it can cross-check with wallets. Perhaps wallet abc123 interacted with protocols that John Doe follows on X. Or it`s made trades that John Doe discussed on Reddit. All these clues can be enough to reverse-engineer a targetable identity. The resulting ad-tech playbook is less an only-in-crypto innovation than a recreation of online marketer`s existing capabilities with special twists for the on-chain economy. Companies` Web3 funnels are already incredibly narrow, Nadler said, because potential customers are uniquely difficult to target. "Rather than pay KOLs , or do very broad activities, what we allow is companies to target only the users that have engaged with you," he said. KOLs are key opinion leaders, social media influencers who promote projects to their followers. While Addressable has been around for three years, the retargeting service is new, Nadler said. He said he believes it will be a difference-maker for protocols seeking stickier customers. "The most horrible thing that can happen to DeFi projects at the moment is if users stop believing in them," he said, pointing to targeted advertising as the solution. Crypto Potato

Bitcoin Nears $80K but `Turning Point` in Sight, Suggests Analyst
Down more than 5% since President Trump`s tariff announcement on Wednesday evening sent markets plunging, bitcoin (BTC) once again is disappointing bulls who have touted its store-of-value properties or potential as a non-correlated safe haven to risk assets like stocks. Or not. "This moment feels like a turning point," said Joel Kruger, LMAX Group market strategist. "We see market participants increasingly drawn to [BTC`s] appeal as a store-of-value asset and a compelling diversification tool amid the uncertainty." Kruger noted that while the Nasdaq and S&P 500 have each tumbled to new 2025 lows, bitcoin for the moment is holding well above its year-to-date bottom of $75,000 — what technicians like to call "higher lows." But Javier Rodriguez Alarcon, chief commercial officer at crypto exchange XBTO, believes otherwise. “Despite talk that bitcoin could act as a hedge against dollar-centric volatility, in practice we’re still seeing a strong correlation between digital assets and broader risk markets in moments of uncertainty,” the ex-Goldman Sachs executive said in an email. Gold still the preferred safe haven at JPMorgan "Bitcoin`s volatility and correlation with equities raises questions over its `digital gold` narrative," said Nikolaos Panigirtzoglou and team at JPMorgan yesterday. "We see gold continuing to rise as the major beneficiary of the debasement trade," they added. Even with bitcoin`s recent pullback, the price is still above the bank`s estimated average cost of production of $62,000, a metric which has acted as a lower boundary in the past, wrote Panigirtzoglou. Gold today is lower by just 1.25% to $3,126 per ounce and within close sight of its record high of around $3,200. Crypto Potato