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After the approval of Bitcoin and Ethereum spot ETFs, the hype for these products continued, with several companies filing for the ETF approval of Litecoin, Cardano, XRP, and Dogecoin. However, a fresh trust entity registration by VanECK in Delaware for the VanEck BNB ETF is essential to note, as the company has yet to file its application with the Securities and Exchange Commission.
Despite this development, the prices of BNB coins remain red, falling 1.80% in the past 24 hours and exchanging hands at $598.89; in the same duration, its market cap is also down by 1.90% and is at $85.32 billion.
VanECK is eyeing a prominent spot in the ETF category
As per available data, VanECK has $120 billion AUM globally and offers many services related to mutual funds, exchange-traded funds, and managing institutional wallets and accounts.
Since the beginning of 2023, when the hype of spot ETFs was at its peak, some leading companies joined the race and started filing for ETFs, and VanECK holds a significant position in the ETF category as seen following the geopolitical and economic trends, helping it to establish a good image in the market.
VanECK launched a defense-focused ETF, which grew over 55% from its launch till 2024, and the gold ETF of asset managers is trading under the ticker GDX.
Until publishing the Bitcoin ETF of VanECK trading under the ticker, HODL managed an amount of $1.245 billion. It offers two different Ethereum ETFs: the VanECK Ethereum ETF and the VanECK Ethereum Strategy.
There are seven major crypto-based ETFs offered by VanECK catering to millions of users globally; each of these trusts manages assets over hundreds of millions.
Crypto market price updates
Until publishing, the crypto market cap was $2.67 trillion with a massive loss of 13% in the past 30 days and fell over 17.51% in a quarter; press time cap were below 20, 50, 100, and 20p days exponential moving average.
A massive force dragging the market upwards was observed in the last few weeks of 2024, but since the beginning of this year till writing,, it lost 16.78%.
Despite bearishness since the last few quarters, the market has expanded in terms of infrastructure and funding, with several nations revising their stance on crypto.
According to CoinMarketCap, the intraday gainer’s list is ruled by EOS, Cronos, Zcash, Raydium, Bonk, Maker, and Sui. In the same frame, losers are DeXe, Story, Four, Jasmy Coin, Jupiter, Pancakeswap, Flare, and Immutable.
The list of most trending intraday is led by Mask Network, EOS, Bitcoin, LeverFi, BNB, dForce, and The Next Bitcoin, and the most viewed are Neurashi, Xphere, Bitcoin, Slingshot, XRP, and PI.
