Rex Shares and Osprey Funds have submitted an application to the U.S. Securities and Exchange Commission to launch a new BNB staking ETF, allowing investors to earn staking rewards.
ETF Filing
The application for the REX-Osprey BNB Staking ETF was filed on August 26, 2025. Due to its organization under the Investment Company Act of 1940, it can undergo a faster approval process than other similar products.
ETF Structure and Features
The proposed fund will use a C corporation and a Cayman Islands subsidiary for custody and staking of BNB. This structure ensures compliance while distributing staking rewards, typically 3-5% annualized yield, back to shareholders in the form of dividends. Custody and staking services are likely to be managed by a regulated partner like Anchorage Digital.
Institutional Interest in BNB
The filing coincides with a surge in institutional interest in BNB. As of the second quarter of 2025, more than 30 public companies had allocated approximately $800 million in BNB as a treasury asset. BNB is becoming more appealing for yield-based products due to its limited supply, continuous token burns, and low transaction costs. However, SEC approval is not guaranteed because of concerns regarding market manipulation and custody.
Rex Shares' application for the BNB staking ETF highlights the increasing interest of institutional investors in cryptocurrencies and could mark a significant step towards integrating BNB into the mainstream financial system.
