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Is CZ Pulling the Strings Behind VanEck’s BNB ETF? You Won’t Believe This!

BBG News

So, just days after a rather unexpected tête-à-tête between VanEck’s bigwig Jan van Eck and Binance‘s very own Changpeng Zhao (CZ) at the TOKEN2049 conference in Dubai, guess what happens? VanEck goes ahead and files for the first-ever spot BNB ETF in the United States. Coincidence? Oh, absolutely… or not.

The crypto world was left gaping, jaws on the floor, considering the recent mess Binance has been in. CZ stepped down as CEO, did a little time in prison for about four months, and Binance forked out over $4 billion to settle things with the U.S. regulators. Now that the dust is *sort of* settling, could CZ be secretly engineering Binance’s grand comeback from behind the scenes? 🤔

Now, Bloomberg’s ETF expert Eric Balchunas throws in his two cents. He says, “Well, CZ recently said he’s advising multiple governments on building crypto reserves—oh, and guess what? BNB could be one of them.” Balchunas then adds with a charming smirk, “It’s just a theory, but, you know, a pretty damn logical one.” Well, who needs solid proof when a theory this tasty is on the table?

VanEck filed its S-1 for the BNB ETF on May 5, 2025, just four months after *that* Trump victory in the presidential race. The ETF would let U.S. institutions dabble in BNB—legally! Oh, but don’t get too excited, because the filing doesn’t even include staking. Yeah, sorry, no staking yet—just like U.S. spot Ethereum ETFs. It might dampen the demand… but who cares, right?

BNB, Binance’s native token, has been a bit of a wallflower lately, trailing behind Ethereum, Solana, and Polygon in the new trends like tokenization and NFTs. But—surprise, surprise—the ETF filing seems to have given BNB a little bounce, even managing to outshine Bitcoin and Ethereum for a brief, shining moment. You know, nothing too major. 🙄

Now, don’t get your hopes up too high, though. The ETF approval might take months or years—because, you know, regulators and all. The SEC, in a rather dramatic fashion, once called BNB an unregistered security. They walked that back, of course, but it’s never been officially cleared up. Can’t have too much fun with that kind of uncertainty, right?

So, while there’s no smoking gun that ties CZ directly to the ETF filing, the timing, the whispers, the possible influence… it all smells a little fishy. Whether it’s all part of CZ’s master plan or just another wild coincidence, VanEck’s move could be a game-changer for BNB—if the regulators play nice, that is. 🍿

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2025-05-06 21:55

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