Binance Coin Price Eyes $1000 as REX Files for BNB ETF

Key Insights:

• Binance Coin (BNB) is showing renewed strength and potential to test $1000 as it consolidates near a major resistance zone.
• Senior Bloomberg ETF analyst Eric Balchunas highlighted on X that REX has filed for a BNB ETF
• B Strategy plans to launch a $1 billion BNB treasury this week.

Binance Coin (BNB) price is eyeing a local rally to $1,000 as bullish momentum accelerates across the market. The token has been consolidating just below key resistance at $865, with traders anticipating a breakout that could set the stage for fresh yearly highs.

Recent institutional developments and growing adoption of BNB-backed financial products are further fueling optimism, creating the perfect setup for a decisive move higher.

At the time of writing, Binance Coin is trading at $865, a price point that analysts consider to be the trigger point beyond which the exchange coin could reach $ 1,000.

Binance Coin Price Targets $1000

BNB is showing renewed strength as it consolidates near the $860 resistance zone, fueling market speculation of a decisive breakout.

The token has been locked in an ascending triangle pattern, a classic bullish continuation setup, with higher lows consistently pressuring the $865 barrier. A daily close above this critical level could confirm a breakout, paving the way for a rally toward the long-awaited $1,000 milestone. WiseCrypto made a similar emphasis on X forecasting that the price would soon hit this target.

Technical indicators further support the bullish case. The sustained uptrend since June reflects robust demand from buyers, while the consolidation phase suggests healthy accumulation before the next leg of the upward trend.

Key support sits at $800, ensuring a favorable risk-reward ratio for traders anticipating upside. With limited resistance beyond $870, the probability of an extended move remains high.

If bulls maintain momentum, BNB could accelerate past $1,000 in the coming weeks, establishing a new psychological benchmark and reinforcing its position as one of the top ten largest cryptocurrencies by market capitalization.

REX files for BNB ETF

Senior Bloomberg ETF analyst Eric Balchunas highlighted on X that Rex had officially submitted a proposal to the U.S. Securities and Exchange Commission (SEC) for the launch of a BNB staking Exchange Traded Fund (ETF) under the Investment Company Act of 1940.

The filing comes shortly after the REX-Osprey partnership made headlines with a similar application for a Solana ETF.

The move highlights the growing interest in blockchain-based assets among institutions. In recent months, several major corporations have incorporated Binance Coin (BNB) into their treasury strategies, further cementing its role as a utility-driven digital asset.

Rex’s application follows VanEck’s earlier bid for a spot BNB ETF, highlighting growing demand among institutional players seeking regulated exposure to the token. The flurry of filings signals that Wall Street is beginning to take a closer look at BNB’s long-term potential.

The market reacted swiftly. BNB surged 2.5% to $865 during late North American trading hours following the news, as traders priced in the possibility of increased inflows through a regulated ETF product.

First U.S.-listed Binance Coin (BNB) treasury

B Strategy, a firm founded by former Bitmain executives, has announced plans to launch a $1 billion BNB treasury this week. The move comes with backing from YZi Labs, the investment arm linked to Binance co-founder Changpeng Zhao.

The initiative marks one of the most ambitious efforts yet to formalize institutional capital around the Binance ecosystem. With this structure, B Strategy aims to give major investors regulated and streamlined exposure to BNB.

Notably, the new entity is set to become the first U.S.-listed BNB treasury, modeled after 10X Capital’s earlier initiative with YZi Labs. The development underscores growing demand for BNB in institutional circles and also adds momentum to the cryptocurrency’s long-term adoption.