REX Shares and Osprey Funds (REX-Osprey) have submitted a filing to the US Securities and Exchange Commission for a BNB exchange-traded fund (ETF) that includes staking yield. This filing emerges as asset managers intensify their efforts in crypto ETFs and yield-generating strategies.
The REX-Osprey BNB + Staking ETF, per the filing, intends to invest at least 80% of its capital in BNB (BNB), the native token of the Binance ecosystem, or to gain exposure through a Cayman Islands subsidiary. The remaining capital may be allocated to other ETFs or exchange-traded products that offer additional exposure to BNB.
BNB staked on the Binance Chain, which operates on a proof-of-staked-authority consensus, is projected to yield annual returns between 1.5% and 3% for the network’s validators.
If approved, this new ETF may set itself apart from the Osprey Funds’ BNB Chain Trust, established in 2024. While it also offers BNB exposure, the BNB Chain Trust is specifically designed for accredited investors, requiring a minimum investment of $10,000.
Excerpt from the REX-Osprey BNB + Staking ETF Filing. Source: SEC.gov
The fund aims to stake all its BNB but will only proceed if its adviser can maintain illiquid assets below 15% of the portfolio, a regulatory measure to allow investors to redeem their shares for cash. Anchorage Digital Bank has been designated as the custodian for the fund’s BNB, related assets, and liquid staking tokens.
The REX-Osprey BNB + Staking ETF shares similarities with another BNB ETF filed by asset manager VanEck in May 2025 — marking the first proposed BNB fund in the United States. VanEck is also seeking approval to leverage BNB’s staking yield.
Cointelegraph reached out to Osprey for comments but had not received a reply at the time of publication.
Related: Bitwise first in line to file for spot Chainlink ETF
ETF action picks up
According to SoSoValue.com, trading among US crypto ETFs has surged in recent months. Bitcoin (BTC) ETFs recorded monthly inflows ranging from $3 billion in April to $6 billion in July. Meanwhile, Ether (ETH) ETFs experienced a $5.4 billion inflow in July and a $3.7 billion inflow thus far in August.
Monthly inflows for Ether spot ETFs. Source: SoSoValue.com
During the week of Aug. 15, Bitcoin and Ether ETFs achieved their highest combined trading volume to date. Ether ETFs alone accounted for approximately $17 billion in trades — a figure that, as noted by a Bloomberg ETF analyst, was “extraordinary.”
As many crypto enthusiasts look forward to “altcoin season,” Bitfinex analysts suggest that a significant rally among such tokens may only materialize if more crypto ETFs receive approval in the US.
Altcoins under review for decision by the SEC include Solana (SOL), Official Trump (TRUMP), and Sui (SUI).
Magazine: Altcoin season 2025 is almost here… but the rules have changed
