BNB has advanced toward the $900 level, with the token climbing more than 5% to about $893 as traders watch the resistance. Crypto asset manager Virtune launched a physically backed BNB exchange-traded product on Nasdaq Stockholm, offering direct exposure to BNB with Coinbase as custodian and a 1.95% annual fee. The launch adds to existing investment options and comes alongside continued price strength, with a price chart showing a 1% rise to $882 in earlier trading.
BNB Chain is experiencing notable activity in its prediction markets, where Opinion Labs reports over $700 million in 7-day trading volume and cumulative volumes exceeding $20 billion. Probable, which launched in December, has already surpassed $1 billion in cumulative volume. Some of these markets are now integrating directly with wallets like Binance Wallet and Trust Wallet, making it easier for users to access them. “We’re expecting a full market consolidation in the next 2-3 years, but at the moment we’re seeing this growth on BNB Chain due to differentiation across teams and products,” Nina Rong, Executive Director of Growth at BNB Chain, told CoinDesk in an emailed statement.
Traders are now keeping a close eye on the $900 target while monitoring broader market developments. The launch adds to a growing list of products tied to BNB, including Grayscale’s recent U.S. filing for an ETF tracking BNB token, and VanEck’s pending BNB ETF bid. Dune data shows that cumulative trading volumes on the BNB Chain coming in from prediction markets have now crossed $20 billion. The broad sentiment around BNB has been supported by rising interest in prediction-market utilities on the BNB Chain, even as price action remains cautious near resistance levels.
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