TLDR
- BNB could reach $2,775 by year-end 2028, according to Standard Chartered
- BNB trades similarly to an unweighted mix of Bitcoin and Ether since May 2021
- VanEck has filed for the first US spot BNB ETF with the SEC
- The proposed ETF would hold actual BNB tokens and may enable staking
- BNB currently trades at around $600, with potential for over 4x growth in next 3.5 years
Binance Coin (BNB) is gaining attention from both major financial institutions and ETF providers, with Standard Chartered Bank predicting substantial growth and VanEck moving to create the first US-based spot BNB ETF.
According to a research report released Tuesday by Standard Chartered, BNB could reach $2,775 by the end of 2028. This represents more than a quadruple increase from its current price of approximately $600.
Geoff Kendrick, head of digital assets research at Standard Chartered, noted a key pattern in BNB’s trading history. “BNB has traded almost exactly in line with an unweighted basket of bitcoin and ether since May 2021 in terms of both returns and volatility,” he wrote.
Kendrick expects this relationship between BNB, Bitcoin, and Ethereum to continue. This consistency could potentially position BNB as a benchmark for digital assets.
The bank’s optimism stems partly from Binance’s market position. As long as Binance remains one of the largest centralized exchanges, “BNB’s value drivers are unlikely to change anytime soon,” according to Kendrick.
VanEck Moves Into BNB Market
In parallel news, asset manager VanEck has filed a registration statement with the SEC to launch the first-ever spot BNB ETF in the United States. This filing, submitted on May 2, 2025, marks a key development in the expanding altcoin ETF space.
VanEck just filed for a spot BNB ETF pic.twitter.com/yOanuNMyjp
— Eric Balchunas (@EricBalchunas) May 5, 2025
The proposed ETF would give US investors direct exposure to BNB price movements through a regulated investment vehicle. It represents part of VanEck’s broader strategy to make digital assets more accessible through traditional financial instruments.
VanEck had prepared for this move in April by establishing a legal entity in Delaware. According to the prospectus, the ETF aims to track BNB’s price, minus operational costs.
ETF analyst Eric Balchunas noted that both Changpeng Zhao (CZ), Binance’s founder, and Jan Van Eck attended the Token2049 conference, though not on the same panel. While there’s no confirmation they met, CZ’s public comments suggest his thoughts on ETFs.
“This cycle so far has been the ETFs. And it’s almost all Bitcoin. Ether hasn’t had as much success, but Bitcoin success will spill over to the others eventually. It takes time, though. I think we are still early,” CZ was quoted as saying.
The proposed ETF would hold actual BNB tokens, with valuations based on an index calculated by MarketVector Indexes. This index tracks prices from the top five global trading platforms, ranked by liquidity and volume.
Shares would be issued and redeemed in large blocks called “Baskets.” These transactions would use either cash payments or in-kind BNB transfers.
Retail investors would be able to trade shares on secondary markets, with prices determined by supply, demand, and the fund’s BNB holdings.
The filing reveals that, pending regulatory approval, the fund may stake BNB through trusted providers. Any staking rewards would be treated as income for the trust.
The ETF has already received seed capital from a private investor, who initially purchased “Seed Shares” before exchanging them for ETF shares at the BNB index value at that time.
BNB Chain, the blockchain that uses BNB as its native token, is used primarily for decentralized exchanges, lending protocols, and liquid staking. Standard Chartered describes it as a “more concentrated and ‘old-fashioned’ smart contract platform than rivals such as Ethereum and Avalanche.”
Current market data shows BNB trading at around $600, with these developments potentially setting the stage for substantial growth through 2028.
$BNB Update
VanEck has officially filed with the SEC to launch the first-ever spot BNB ETF š
The daily chart is looking bullish…
ā Breakout
ā Retest
ā Bounce pic.twitter.com/ijpgotjWDM— Trader Edge (@Pro_Trader_Edge) May 7, 2025
VanEck’s BNB ETF would join the expanding field of cryptocurrency ETFs, which already includes over 70 active applications for various altcoin ETFs.
The most recent price data shows BNB at approximately $600, with Standard Chartered projecting a possible rise to $2,775 by the end of 2028.
