VanEck’s $6.9B VBILL Fund Debuts on Binance Smart Chain
The Binance Smart Chain (BNB) now offers VBILL, a Treasury fund from VanEck, in the form of tokens. The fund wants to allow HNIs and institutions to get a secure, yield-generating exposure to RWAs using blockchain technologies on the Binance Smart Chain.
In conjunction with Securitize, VanEck made the VBILL, allowing TradFi and DeFi to become more connected. VanEck has designed the VBILL fund so that investors have an option to deploy it not only on Binance Chain, but also on Ethereum, Solana, and Avalanche.
BNB Price Jumps to $648 Level
Today, VanEck’s VBILL is worth $6.9 billion, representing an increase in the RWA market. Securitize, VanEck’s partner in this initiative, previously led tokenization efforts with the industry giant BlackRock managing over $3.9 billion in digitized assets.The past achievements of Securitize, who leads this project, make the VBILL fund seem more stable.
The fund carries a $100,000 minimum investment requirement, emphasizing its institutional and high-net-worth target demographic. Suggestions are that the added capital could help drive a broader rise for BNB and place Binance Chain as a top blockchain used in finance.
BNB has shown improvements, trading at $648, while the news aired. BNB tumbled 70% from $670 in late 2021 to just $202 in October 2023, but it is now up sharply and trading at $648. Right now, BNB is worth $648, an increase of 10% over the past week, and it has gone up 270% since its recent low of $202.
A rising channel on BNB’s weekly chart, supported by a bullish candlestick pattern and improving RSI, is noted by chart analysts. Also, MACD indicator recently turned positive, showing another upward trend.
VBILL Fund May Boost BNB Rally
Analysts believe that institutional money entering VBILL, along with chart improvement, can help BNB break through its $794 high in the next few months.
Some analysts worry that a price fall under the local trendline could mark the end of the current uptrend for BNB. If trend momentum goes down or if there are major market changes, BNB could fall back to the $495 level.
For BNB, the launch of VanEck’s VBILL fund, combined with strengthening technicals, could make it strongly likely for BNB to beat its high of $794 in the next few months. Many analysts believe BNB could rally 21% higher, appearing in the $800+ range by mid-2025 if the current momentum is sustained.
The launch of VanEck’s VBILL fund on the Binance Smart Chain is a sign that top industrial products are becoming more popular in DeFi ecosystems. If BNB gets a lift from institutional investment, it could be the beginning of a strong rally for one of crypto’s biggest coins.
