BNB Token Sees $4.04B Volume Surge Amid Nasdaq ETP Launch and Grayscale ETF Filing

BNBUSDT experienced a 5.14% price decrease over the past 24 hours, trading at $853.46, primarily driven by profit-taking and volatility following recent bullish sentiment in the broader cryptocurrency market. Key events contributing to market activity include the launch of a physically backed BNB exchange-traded product on Nasdaq Stockholm and Grayscale’s filing for a spot BNB ETF, both signaling growing institutional interest. Additionally, increased trading volume—reaching up to $4.04 billion—reflects heightened market participation amid ongoing discussions about stablecoin transfer fee waivers on BNB Chain and anticipation surrounding US monetary policy decisions. The asset remains one of the top four cryptocurrencies by market capitalization, with a circulating supply of approximately 136.36 million BNB coins.