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 move coincides with asset managers intensifying their focus on crypto ETFs and yield-generating strategies.
As per the filing, the REX-Osprey BNB + Staking ETF plans to allocate a minimum of 80% of its capital to BNB (BNB), the native token of the Binance ecosystem, or obtain exposure through a subsidiary in the Cayman Islands. The remaining assets may be invested in other ETFs or exchange-traded products providing additional BNB exposure.
BNB staked on the Binance Chain, which operates on a proof-of-staked-authority consensus, is estimated to yield annual returns of 1.5% to 3% for the network’s validators.
If approved, the new ETF may differ from Osprey Funds’ BNB Chain Trust, which was launched in 2024. While it provides exposure to BNB, the BNB Chain Trust caters to accredited investors and requires a minimum investment of $10,000.
The fund is set to stake all of its BNB, provided that its adviser can maintain illiquid assets below 15% of the portfolio, adhering to a regulatory threshold intended to ensure investors can still convert their shares to cash. Anchorage Digital Bank has been appointed as the custodian for the fund’s BNB, related holdings, and liquid staking tokens.
The REX-Osprey BNB + Staking ETF resembles another BNB ETF submitted in May 2025 by asset manager VanEck — the first BNB fund proposed in the U.S. VanEck is also seeking approval to capture BNB’s staking yield.
Cointelegraph reached out to Osprey for comments but had not received any response by the time of publication.
Related: Bitwise first in line to file for spot Chainlink ETF
ETF activity increases
According to SoSoValue.com, trading among U.S. crypto ETFs has surged in recent months. Bitcoin (BTC) ETFs have recorded monthly inflows ranging from $3 billion in April to $6 billion in July. Meanwhile, Ether (ETH) ETFs saw a $5.4 billion inflow in July and $3.7 billion in August thus far.
During the week of August 15, Bitcoin and Ether ETFs achieved their highest combined trading volume to date. Ether ETFs alone recorded approximately $17 billion in trades — a total that, according to a Bloomberg ETF analyst, was a record-breaking amount.
As many crypto enthusiasts anticipate an “altcoin season,” Bitfinex analysts believe a significant rally among these tokens may only materialize if more crypto ETFs receive approval in the U.S.
Altcoins currently featured in ETFs awaiting SEC decisions include Solana (SOL), Official Trump (TRUMP), and Sui (SUI).
Magazine: Altcoin season 2025 is almost here… but the rules have changed
