REX-Osprey Files for BNB Staking ETF with SEC

Reading Time: < 1 minute

REX Shares and Osprey Funds have jointly filed with the US SEC for a novel exchange-traded fund that would provide exposure to Binance’s BNB token and capture staking yield.

The proposed “BNB + Staking ETF” would allocate a minimum of 80% of its assets to BNB, primarily through a Cayman Islands subsidiary.

The fund intends to stake its entire BNB holding, contingent on maintaining liquidity to meet regulatory redemption requirements.

This filing capitalizes on growing investor appetite for crypto yield strategies and follows the firm’s existing BNB Chain Trust, which is restricted to accredited investors. Anchorage Digital Bank will serve as the fund’s custodian.