Interest in Binance Coin (BNB) from major financial institutions is on the rise. Forecasts for BNB's future are becoming increasingly confident, including from players like Standard Chartered and VanEck.
Standard Chartered's Predictions for BNB
Standard Chartered predicts that the price of BNB could reach $2,775 by the end of 2028, which would be more than four times its current price of around $600. The beneficiary of this growth will be the BNB Chain on which the cryptocurrency operates.
VanEck's Launch of BNB ETF
VanEck has filed with the SEC to create the first US-domiciled spot ETF on BNB. If the application is approved, the ETF will manage actual BNB tokens, providing US investors with regulated access to BNB price action. The ETF may also include staking, serving as an additional income source for the fund.
Prospects and Impact of Institutional Interest
With growing interest from institutional investors and the potential launch of an ETF, BNB could face significant demand in the future. This supports Standard Chartered's optimistic forecast of reaching a price of $2,775 by 2028.
BNB continues to be at the forefront of attention from financial institutions, and considering the forecasts and planned financial products, its future looks promising.
