Binance Coin (BNB) prices are poised for a possible rally toward $1000 as the token strengthens amid positive market news.
Binance Coin Price Targets $1000
BNB is showing renewed strength as it consolidates around the $860 resistance level, fueling market speculation of a decisive breakout.
The token has been locked in an ascending triangle pattern, a classic bullish continuation setup. A daily close above $865 could confirm a breakout, paving the way for a rally towards the long-anticipated $1,000 mark. Technical indicators support the bullish case, showing a sustained uptrend since June and healthy accumulation.
REX Files for BNB ETF
Senior Bloomberg ETF analyst Eric Balchunas highlighted on X that REX has officially submitted a proposal to the U.S. Securities and Exchange Commission (SEC) for the launch of a BNB staking Exchange Traded Fund (ETF).
The filing follows a recent successful application from the REX-Osprey partnership for a similar Solana ETF, showcasing the increasing interest from institutional investors in blockchain-based assets.
B Strategy to Launch BNB Treasury
B Strategy, a firm founded by former Bitmain executives, announced plans to launch a $1 billion BNB treasury this week, backed by YZi Labs, the investment arm linked to Binance co-founder Changpeng Zhao.
This initiative aims to formalize institutional capital around the Binance ecosystem and marks the first U.S.-listed BNB treasury.
The prospects for Binance Coin to reach a new price peak amid institutional news strengthen confidence in its future in the cryptocurrency market.
