SEC reviews VanEck Nasdaq ETF as BNB social dominance surges

BNB moved to the top of LunarCrush’s AltRank after a pickup in social activity following VanEck’s filing for a BNB spot exchange-traded fund with the U.S. Securities and Exchange Commission and a social media reference from former Binance CEO Changpeng Zhao.

AltRank blends social metrics with price performance relative to Bitcoin. The latest reading placed BNB first among the altcoins tracked by the platform, even as crypto prices have retreated in recent weeks.

On-chain readings indicate subdued demand from large holders, aligning with weakness across spot markets. Technical signals point to accumulation near recent lows, though these indicators do not represent overall market demand.

SEC documents show VanEck is seeking approval to list a BNB spot ETF on Nasdaq. Zhao referenced the filing on social media. ETF headlines have previously coincided with shifts in market sentiment.

Activity around other digital asset ETFs has been mixed. Solana products recorded steady inflows after approvals, while price gains were limited during a period of broader macro pressure on risk assets.

BNB, the native token of BNB Chain, ranked among stronger performers earlier this year based on price data. It now trades below those earlier levels.

The current backdrop shows elevated online engagement alongside muted large-wallet activity. Market focus remains on regulatory reviews, ETF decisions, liquidity conditions and macroeconomic data in the coming weeks.

As GNcrypto covered previously, Grayscale filed with the SEC to convert its Zcash Trust into a U.S. spot ETF to list on NYSE Arca, and ZEC fell 7.8% in 24 hours and 28% on the week to about $470. Spot volume was roughly $740 million, while derivatives turnover and open interest retreated. The RSI rose above 80 before easing; charts showed a double top around $780–$800, support near $470, and resistance at $550–$600. Reliance Global Group shifted its entire digital asset treasury into ZEC, and Cypherpunk Technologies accumulated over 200,000 ZEC.