Binance Coin (BNB) Tests Critical Support at $850, VanEck Files Spot ETF

Binance Coin (BNB) is trading near $850 as its price consolidates after a recent correction. Despite the price drop of more than 38% from its all-time high in October, network activity continues to climb, highlighting underlying demand for the token. The movement comes amid VanEck’s filing of an amended S-1 registration statement for the first U.S. spot BNB exchange-traded fund, potentially opening institutional access to Binance’s native token. This follows a period of declining futures interest and heightened network activity.