- BNB’s exclusion from ETFs and the U.S. Strategic Crypto Reserve raises concerns about its long term market positioning.
- Price action between $584.30 and $641.74 suggests a breakout could push BNB to $699–$720, while failure risks a drop to $500.
- A surge in trading volume is needed for BNB to reclaim key resistance, as current market interest remains weak.
The Binance Coin (BNB) faces uncertainty as discussions arise about its absence from the U.S. Strategic Crypto Reserve and ETF listings. Analyst Marty Party stated that BNB will never be included in the strategic reserve or have an ETF.
Should #BNB be added to the US Strategic Crypto Reserve? 🤔 🇺🇸
— Altcoin Daily (@AltcoinDailyio) March 3, 2025
Meanwhile, Altcoin Daily posed a question on social media about whether BNB should be added to the U.S. Strategic Crypto Reserve. At press time, BNB was trading at $602.77, a 0.94% decline in the past 24 hours. Its market cap is at $85.88 billion, while its 24 hour trading volume surged by 53.28% to $2.4 billion.
Price Trends and Technical Levels
BNB has had a pullback, trading between $595.47 and $624.36. The price is between the middle and lower Bollinger Bands, with the lower band at $584.30 and the middle band at $641.74.
A drop below $584 could indicate further downside, while a recovery above $641.74 may suggest a potential trend reversal. The market shows reduced buying interest, with trading volume at 221.01K BNB.
Higher volume would be necessary to push the price above key resistance levels. The MVRV-Z score is at 26.71, putting BNB outside the undervalued zone but far from the overheated level of 40.14. A move below 7 would indicate a potential buying opportunity, while a rise toward 40 could suggest overvaluation.
ETF Filings and Strategic Reserve Considerations
BNB’s exclusion from the U.S. Strategic Crypto Reserve sets it apart from assets like Bitcoin, Ethereum, Solana, XRP, and Cardano which have been included in the reserve by Trump. These digital assets have either secured ETFs or have pending filings.
Bitcoin and Ethereum already have approved spot ETFs, with Bitcoin’s ETF launch being the most successful debut. NYSE Arca filed a 19b-4 form with the U.S. Securities and Exchange Commission (SEC) on behalf of Grayscale to establish a spot Cardano ETF.
Similarly, XRP is moving toward ETF approval, as the SEC acknowledged Grayscale’s 19b-4 filing on February 13. Bloomberg Intelligence ETF analyst James Seyffart confirmed the acknowledgment, although approval remains uncertain. Solana has also had multiple ETF filings from firms like Canary, Vaneck, Bitwise, and 21Shares.
Market Impact and Future Outlook
BNB’s position remains unique, as it lacks ETF filings and strategic reserve inclusion. If the price holds above $584.30 and reclaims $641.74, it could test the $699–$720 range. A breakout beyond $720 might lead to increased buying interest.
However, failure to maintain support at $584 could push the price toward $550–$530, with further downside possible at $500–$480. Monitoring volume and momentum is essential to confirm BNB’s next move.
