Key Points
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Standard Chartered estimates BNB could reach $2,775 by 2028, citing its price correlation with BTC and ETH.
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VanEck has filed for the first U.S.-based spot BNB ETF, which may also involve staking components.
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BNB currently holds a market cap of $84 billion, with its chain hosting $6 billion in DeFi TVL.
Investment bank Standard Chartered projects that BNB, the native token of Binance’s BNB Chain, could rise to $2,775 by the end of 2028, more than four times its current value of around $600. The prediction comes as asset manager VanEck files the first U.S. application to list a BNB-based exchange-traded fund (ETF).
The forecast was published in a research report authored by Geoff Kendrick, head of digital asset research at Standard Chartered, who noted BNB’s historical correlation to an equal-weighted basket of bitcoin (BTC) and ether (ETH).
“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,” Kendrick wrote.
BNB as a Benchmark Asset?
According to Kendrick, BNB could serve as a benchmark token in the digital asset space, owing to its structural ties to Binance’s trading platform and the consistent usage of BNB Chain, which supports decentralized exchanges (DEXs), lending protocols, and liquid staking.
He described the chain as a “more concentrated and ‘old-fashioned’ smart contract platform” compared to networks such as Ethereum and Avalanche. At the time of writing, BNB Chain has nearly $6 billion in total value locked (TVL), according to DefiLlama.
As of May 5, BNB stakers earn an average yield of around 2.5%, based on data from StakingRewards.
VanEck Files for Spot BNB ETF in the U.S.
On the regulatory front, VanEck has submitted a filing with the U.S. Securities and Exchange Commission (SEC) to list the first spot ETF holding BNB. According to the S-1 prospectus, the ETF would accumulate BNB tokens and may also stake a portion of its holdings through approved providers to generate yield.
The filing represents the first formal attempt by an asset manager to list a BNB ETF in the United States, and it arrives amid rising demand for crypto-based financial instruments. VanEck has previously filed for ETFs tied to other cryptocurrencies, including Solana (SOL) and Avalanche (AVAX).
BNB currently has a market capitalization of approximately $84 billion, according to CoinMarketCap data.
