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VanEck's $BNB ETF filing highlights a shift many investors are ignoring
For years crypto was valued on future potential
Now institutions are looking at metrics that already exist
Users
Revenue
Economic activity
The ETF race is becoming a test of fundamentals not promises
Projects with proven demand may have a bigger advantage than the market currently prices in
Do you think the next wave of capital will follow narratives or fundamentals
#BNB #𝐂𝐫𝐲𝐩𝐭𝐨 #ETF,