Binance News: VanEck Registers BNB ETF in Delaware, Expanding Crypto ETF Portfolio

Investment management giant VanEck has made another significant move in the crypto ETF space by registering a Binance Coin (BNB) ETF in Delaware. This marks the company’s fifth crypto ETF registration in the state, reflecting its commitment to expanding its presence in the rapidly growing market.

VanEck Files for BNB Exchange-Traded Fund in Delaware

Investment management company VanEck has registered a Binance Coin (BNB) exchange-traded fund in Delaware. This marks the firm’s fifth registration of crypto asset ETFs in the state, including Ether (ETH), Bitcoin (BTC), Solana (SOL), and Avalanche (AVAX) ETFs. VanEck filed for a spot SOL ETF mid-last year and has also submitted registrations for BTC, ETH, and AVAX ETFs. The firm, with $115 billion in assets under management, continues to expand its crypto ETF offerings.

Whale Withdraws Large Amount of PEPE Tokens

Despite recent price drops, PEPE, a meme coin, is attracting significant attention from whales. On April 1, 2025, Onchain Lens reported that a whale withdrew 492 billion PEPE coins worth $3.74 million from Binance. Additionally, the whale holds 612.30 billion Shiba Inu (SHIB) worth $7.85 million, currently facing a loss of $4.125 million in SHIB. The wallet address associated with the withdrawal is 0xad74b09d6d2cb7227bd0969d9678373aaf6cbee2.

Bitcoin STHs Show Hesitation Amid Market Shift

Bitcoin’s short-term holders (STHs) are exhibiting hesitation, as indicated by a significant decrease in BTC inflows to Binance. This suggests reduced selling pressure and a shift toward a more cautious market mood. The decreased activity from 1-3 month holders further indicates a change in market sentiment, with short-term traders now holding onto their coins rather than selling. While Binance’s inflows decline, other exchanges witness increased activity, pointing to a broader shift from risk-taking to cautious restraint within the crypto market.