REX Shares and Osprey Funds have applied to create a BNB ETF that may launch in November 2025.
Registration of the BNB ETF
REX Shares and Osprey Funds have registered their application for a BNB ETF with the U.S. Securities and Exchange Commission (SEC). This fund, titled REX-Osprey BNB + Staking ETF, would trade on the Cboe BZX exchange if approved. Information on the custodian and transfer agent has not been disclosed in the application.
Direct Access to BNB and Staking Opportunities
The fund provides investors with direct access to BNB, the native token of the BNB Smart Chain. The majority of the fund’s assets are expected to be used for staking through trusted intermediaries, potentially providing yield in addition to price appreciation. Shares will be issued and redeemed exclusively in cash.
Launch Timeline and Regulatory Advantages
Analyst James Seyffarth of Bloomberg Intelligence suggests that the product could launch as early as November 9-10, 2025, thanks to a streamlined registration process. This is made possible by the fund's classification under the Investment Company Act of 1940, allowing it to bypass the lengthy registration process for most cryptocurrency ETFs.
REX Shares and Osprey Funds are employing a similar strategy previously utilized for their Solana fund and continue to expand their product line focused on altcoins.
