The decline in BNB comes as sentiment remains poor, with the Crypto Fear and Greed Index nearing "fear" and the average RSI indicating oversold conditions.
The Ethereum-focused treasury firm is also exploring compliant trading of tokenized shares on decentralized markets as part of its partnership with Superstate.
The fund is a feeder into Apollo's private credit strategy, which includes corporate lending and dislocated credit. It's open only to qualified investors.