BNB nears $900 as Virtune lists physically backed ETP amid prediction market surge

The native token of the BNB Chain, BNB, extended its recent advance, climbing more than 5% to $893 as it approached the $900 level, coinciding with the debut of a physically backed BNB exchange-traded product (ETP) on Nasdaq Stockholm by asset manager Virtune. The Virtune ETP offers direct exposure to BNB, lists Coinbase as custodian and charges a 1.95% annual fee, adding to existing investment routes.

The launch follows other product moves tied to BNB, including Grayscale’s U.S. filing for a spot ETF, GBNB, and a still-pending BNB ETF bid by VanEck. Trading activity showed increased volume as BNB pushed above the $885 range, according to CoinDesk Research's technical analysis data model, and the CoinDesk 20 index rose roughly 1% in the last 24 hours.

Separately, BNB Chain usage is rising in prediction markets: Dune data cited Opinion Labs logging over $700 million in seven-day volume, cumulative prediction-market volumes on BNB Chain crossing $20 billion, and Probable surpassing $1 billion in cumulative volume since its December launch.

Some markets are integrating with Binance Wallet and Trust Wallet. Analysts and traders continue to watch for signs of sustained momentum and are focused on the $900 target.