The United States -based Great Asset Manager Vaneck, Binance Coin $594.81 (BNB) has been reported to submit the Form S-1 registration document to the relevant SEC for an investment fund based on (BNB). Company, Bitcoin before 
$94,235.30 and Ethereum 
$1,809.53 Following his achievements in fundamental funds, he aims to launch an investment tool for BNB.
BNB ETF Application
The S-1 certificate offered by Vaneck contains detailed information about the functioning of the stock market investment fund, financial status and price determination methods. The application was submitted to the US Securities and Stock Exchange Commission (SEC) on March 31st. Thanks to the security structure of the BNB, the Fund aims to obtain additional income by giving BNB under certain conditions.
With ETF application, different comments about the price of BNB come up. According to current data, the BNB is trading around $ 593. Experts, the price of the daily graph in the symmetrical triangular formation, because the resistance level is overcome by a strong upward movement may arise. The resistance level is determined as $ 615, while the support level is followed by around 580 dollars.
Technical indicators
In the daily graph, the MACD signal bar points to slight pressure and RSI reflects a neutral situation by watching around 52. Bollinger tape narrowing, the price is combined with the monitoring of the middle band, the existing market stability for a short time can give signals of breakage. Analysts say that the current position of technical indicators indicates that a significant movement can soon begin in the market.
In contrast to the previous defining BNB as an intensive stock market -based asset, it is considered that it has become one of the main components of web3 infrastructure. The aim of the fund to be placed in a regulatory framework can prepare the ground for the recognition and use of this crypto asset by a wider audience.
Neutral assessments, Vaneck’s application for BNB may attract the attention of investors, he says. Market players state that this development can make a positive contribution to the general digital asset ecosystem and that they can revise their investment strategies accordingly.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
