CoinShares Crypto Rebalance Brings BNB Into DIME

The CoinShares Altcoins ETF (DIME) added Binance Coin (BNB) to its portfolio during its quarterly rebalance, reflecting a broader market rotation toward crypto infrastructure assets, according to CoinShares.

The addition positions DIME to capture what Silicon Valley Bank describes as crypto’s transition from speculation to infrastructure. In a December report, SVB analysts wrote that investors should “treat crypto as infrastructure” in 2026, citing institutional capital flowing toward networks that power stablecoin settlement and digital commerce rather than purely speculative tokens.

The rebalance brings DIME’s holdings to 11 Layer 1 crypto infrastructure assets, including Solana, Aptos, Sui and BNB. The fund offers equal-weighted exposure to major Layer 1 networks while excluding bitcoin and ethereum, focusing entirely on platforms that support decentralized applications and transaction processing.

BNB ended 2025 as one of the strongest performers among major crypto assets. The token gained a little over 20% last year, and is currently trading near $928, according to CoinMarketCap data. BNB ranks as the fourth-largest cryptocurrency by market capitalization at $126.67 billion.

Binance Research identified BNB as the “best-performing major crypto asset” of 2025 in its January report “Full-Year 2025 & Themes for 2026.” The research firm attributed BNB’s outperformance to its utility in stablecoin settlement and real-world asset deployments on BNB Chain.

What BNB Does

BNB functions as the native token of the BNB Chain ecosystem, powering transactions across BNB Smart Chain, opBNB Layer 2 networks, and BNB Greenfield storage, according to CoinMarketCap. Token holders use BNB to pay transaction fees and participate in the network’s on-chain governance. The network also implements a quarterly “burn” mechanism that permanently removes BNB from circulation, creating deflationary pressure on token supply.

The broader stablecoin network, which BNB Chain supports, processed $33 trillion in transaction volume during 2025 — surpassing Visa’s annual volume, according to Binance Research. BNB Chain functions as part of the settlement layer for these digital dollar transactions.

Beyond transaction fees, BNB serves as collateral in decentralized finance protocols and plays a role in the BNB Executive Total Value Locked campaign, which incentivizes ecosystem growth. Originally launched as Binance’s exchange token in 2017, BNB transitioned to its own blockchain in April 2019.

The infrastructure narrative extends beyond individual tokens to encompass the entire crypto market structure. SVB’s December outlook identified three forces driving adoption: institutional capital consolidation, regulatory clarity around stablecoins, and real-world asset tokenization moving from pilots to production scale.

DIME launched in Oct. 2025, and holds $2.1 million in assets under management. The fund charges a 0.00% expense ratio and has returned 11.1% so far this year, according to ETF Database data.

By excluding bitcoin and ethereum, while focusing on application-layer networks, DIME differentiates itself from broader crypto index products. The equal-weighting methodology ensures no single asset dominates the portfolio, spreading exposure across platforms competing to become foundational infrastructure for decentralized finance and digital commerce.

For more news, information, and strategy, visit the CoinShares Crypto ETF Hub.

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