REX Shares, in collaboration with Osprey Funds, has filed for approval to launch a BNB-focused ETF incorporating staking yield. This initiative aligns with the growing interest in crypto ETFs and yield-generating strategies.
Overview of REX-Osprey ETF
The REX-Osprey BNB + Staking ETF plans to allocate at least 80% of its capital to BNB, the native token of the Binance ecosystem. The remaining assets may be invested in other ETFs or products providing additional exposure to BNB.
Staking Yield Strategy
Staked BNB on the Binance Chain is estimated to generate an annual yield of 1.5% to 3% for the network's validators. The new ETF intends to stake all its BNB while adhering to regulatory thresholds limiting illiquid assets to 15% of the portfolio.
Growing Interest in Crypto ETFs
There is a noticeable increase in interest in crypto ETFs, particularly with active inflows in Bitcoin and Ethereum ETFs in recent months. This trend may signal a potential altcoin boom, especially if new ETFs are approved in the market.
The filing by REX-Osprey for a BNB ETF featuring staking yield highlights the increasing interest in cryptocurrency ETFs and offers new investment tools in this rapidly expanding sector.
