VanEck’s BNB ETF Filing Boosts Bitcoin Sentiment as Price Eyes $95.5K

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Arslan Butt

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Arslan Butt

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Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis...

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Last updated: 

May 5, 2025

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Bitcoin is trading around $94,215 in early European hours, but it’s VanEck’s latest move that’s turning heads. The asset manager has submitted a filing to the U.S. Securities and Exchange Commission (SEC) to launch the nation’s first BNB exchange-traded fund.

The ETF would hold spot BNB and possibly stake a portion of the assets, making it a hybrid play on capital appreciation and passive yield.

BNB currently boasts a market cap near $84 billion, with $6 billion in total value locked on its chain. That places it among the top-tier smart contract ecosystems, and VanEck’s filing—following earlier attempts with Solana and Avalanche—signals a growing appetite for altcoin-backed ETFs.

• BNB market cap: ~$84B
• TVL on BNB Chain: ~$6B
• VanEck ETF could include staking
• Momentum builds after BTC ETF approvals

While the SEC has yet to respond, the move suggests the Bitcoin ETF breakthrough may be spilling over into altcoins, increasing overall crypto liquidity and broadening institutional participation.

Bitcoin Framed as Safe-Haven by Kraken

In a recent interview, Kraken’s Chief Economist Thomas Perfumo said Bitcoin’s structure makes it more like digital gold than a speculative tech play.

Although only 10–15% of the world currently holds BTC, its fixed supply and predictable issuance are laying the foundation for long-term price stability.

Perfumo noted that realized volatility in Bitcoin has dropped below 50%, down from previous highs, pointing to a maturing asset class.

As institutional access grows, he expects the cryptocurrency to behave more defensively—less like a growth stock, more like a reserve asset.

• Realized BTC volatility:
• 95% of Bitcoin already mined
• Institutional demand seen as stabilizing factor

This framing could resonate with conservative investors seeking inflation hedges outside of traditional fiat systems.

Kyrgyzstan Explores Bitcoin as a National Reserve

Binance co-founder Changpeng “CZ” Zhao shared that he’s advising Kyrgyzstan’s National Investment Agency on adopting Bitcoin and BNB in its national crypto reserve strategy.

The country is already planning a $500 million gold-backed stablecoin, USDKG, and is piloting central bank digital currency legislation.

Binance’s expanding influence in emerging markets reinforces Bitcoin’s use case as a sovereign asset. With Kyrgyzstan considering BTC and BNB for its reserves, the move may set a precedent for other developing economies.

• Kyrgyz stablecoin (USDKG): $500M target
• 64% of BNB supply reportedly under CZ’s control
• Kyrgyzstan CBDC pilot underway

This could increase long-term demand for Bitcoin as nations look for alternatives to dollar reserves.

Bitcoin (BTC/USD) Technical Outlook – May 6

Bitcoin is trading near $94,215, consolidating just below a descending trendline that has capped price action since May 2.

Price remains stuck between a tightening range, defined by horizontal support at $93,507 and resistance at $94,790. The 50-period EMA is currently acting as dynamic resistance, while MACD signals are flat, suggesting indecision.

A clean break above $94,790 would suggest bullish momentum, opening a path toward $95,586. Conversely, if $93,507 gives way, price could retreat toward $92,248 or even $92,922.

Final Thought

As Bitcoin trades near $94,215, the convergence of ETF filings, institutional interest, and sovereign adoption is creating strong undercurrents in the market.

The technical outlook points to a breakout zone between $93,507 and $94,790. Traders are watching closely for a clean move above or below those levels to confirm direction.

BTC Bull Token Crosses $5.36M as Flexible 78% Staking Yield Draws Investors

BTC Bull Token ($BTCBULL) continues to gain traction, crossing $5.34 million in funds raised as it nears its $6.07 million presale cap. Priced at $0.002495, the token has positioned itself as more than just a meme coin—offering real utility through flexible, high-yield staking.

Utility-Driven Tokenomics Fuel Demand

Unlike typical meme tokens, BTCBULL blends crypto culture appeal with tangible staking rewards. Investors can currently earn an estimated 78% APY while keeping their tokens fully liquid—unstaking is allowed at any time without penalties or lockup periods.

This model has resonated with investors who seek yield without sacrificing access, especially in a volatile crypto environment.

Current Presale Stats:

• USDT Raised: $5,360,259 of $6,070,369
• Current Price: $0.002495 per BTCBULL
• Staking Pool Total: 1,342,549,903 BTCBULL
• Estimated Yield: 78% annually

With less than $710K left before the next milestone, the presale window is narrowing fast. For investors chasing high yields with exit flexibility, BTCBULL is becoming an increasingly compelling contender in the 2025 crypto cycle.