REX Shares Files for BNB Staking ETF, Can BNB Hit $900?

REX Shares Files for BNB Staking ETF, Can BNB Hit $900?
REX Shares Files for BNB Staking ETF, Can BNB Hit $900?

Main notes

  • Rex offers shares to get Bnb Staking Etf.
  • Although some users speculate at $ 900, BNB may not be ready to run the bull now.
  • Technical indicators and technical indicators are still weak for BNB.

BNB

BNB
$ 860.3



24 hours fluctuation:
2.0 %


The maximum market:
119.78 dollars b



Folder. 24h:
$ 1.21 b

Investors began their upscale speculation after declaring RX shares late on Tuesday, August 26.

Bloomberg Erik Balmonas, a box analyst in Bloomberg Eric Balunas, posted on X that Rex, an ETF provider that is taken from Miami specializing in alternative investment products, has applied to obtain ETF BNB Stokeing.


Balchunas shared a screenshot to upload a Rex -Sprey Bnb Staking ETF file to the CBOE BZX exchange.

The deposit came after BNB reached the highest level ever at $ 900 on August 23. Soon the BSC’s distinctive code has seen a sale to $ 840 and is currently being traded at $ 858.

While Etf Rex -Sprey BNB can serve as a major incentive for the origin, similar to Solana Stoke ETF, BNB still sees basic and technical indicators.

First, the value of the total financing for decentralized financing in BSC amounted to more than 7.5 billion dollars, but it is still far from ATH at about 22 billion dollars, according to Data From Devilia.

The leading protocol and decentralized exchange on the network, Pancakeswap, sees between 80 % and 90 % of fees and revenues during the past month. Daily fees for the protocol decreased from $ 5.15 million on July 28 to about $ 500,000 over the past 24 hours.

This indicates a noticeable decrease in the use of the statute.

Moreover, according to the Crypto analyst known as Sloo Reviews on X, merchants are currently watching $ 800 to $ 820 for BNB despite the announcement of RX shares.

The analyst alluded to the huge billion dollars of treasury by Yzi Labs, but he claimed that the origin was “at a critical stage”.

If BNB loses $ 800, it is possible that Altcoin will witness a strong sale of investors.

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Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.

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Wahid has analyzed and informed the latest trends in the decentralized ecosystem since 2019. He has more than 4000 articles in his name, and his work has been presented to some leading ports including Yahoo Finance, Investing.com, Cointelgraph and Benzinga. Unlike reporting, Wahid loves to connect points between Defi and Macro in his news message, Monk on the series.

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