According to Eric Balchunas, VanEck’s recent BNB ETF filing has faced criticism within the crypto community. However, last week Binance founder CZ stated he is actively advising multiple governments on how to establish crypto reserves, with BNB potentially included as a reserve asset. This development, verified by Balchunas’ report and CZ’s statements, suggests that institutional interest in BNB is growing. For traders, the official filing and CZ’s government advisory role signal increased legitimacy and potential upward momentum for BNB, making it a key token to watch for crypto portfolio diversification and ETF-related trading strategies. Source: Eric Balchunas Twitter, May 6, 2025.