REX-Osprey Pushes for First-Ever BNB Staking ETF, Eyes SEC Approval by November

• REX-Osprey has filed with the SEC for the first-ever U.S. BNB staking ETF, with approval anticipated as quickly as November.
• The fund blends BNB worth publicity with staking rewards, giving establishments entry to validator yield with out managing wallets or unbonding dangers.
• Structured beneath the 1940 Act, the ETF mirrors REX-Osprey’s Solana staking product, which proved the mannequin might acquire regulatory traction.

REX-Osprey is making waves with its newest submitting: a BNB staking ETF designed to convey Binance’s native token into conventional finance in a method that additionally captures staking rewards. Filed with the SEC beneath the Funding Firm Act of 1940, the proposed fund might go dwell as early as November if accredited. In contrast to spot ETFs that merely monitor worth, this one bakes in staking yield, giving establishments a double profit — publicity to BNB’s worth motion and entry to validator rewards, all whereas sustaining liquidity buffers.

How the Fund Would Work

The ETF’s construction is slightly completely different than typical crypto funds. It would maintain tokenized BNB, with a portion staked instantly or through liquid staking protocols, whereas preserving not more than 15% of belongings locked to handle the community’s seven-day unbonding interval. The design additionally permits establishments to make use of tokenized BNB as collateral to borrow stablecoins, bridging DeFi methods with regulated funding merchandise. Creations and redemptions will settle in money, making the ETF versatile for traders who need staking publicity with out operational complications.

Following Solana’s Playbook

This isn’t REX-Osprey’s first try at mixing staking with ETFs. The agency lately launched a Solana staking ETF beneath the identical 1940 Act framework, a product that drew in $161.7 million throughout its first two months. Whereas it hasn’t reached the extent of Bitcoin or Ethereum ETFs in recognition, it set an necessary precedent: the SEC appears extra prepared to approve staking-based ETFs when structured beneath the 1940 Act. Now, the identical pathway might open the door for BNB, one of many world’s most actively used belongings in DeFi.

Why It Issues for Establishments

A staking ETF could possibly be BNB’s ticket into mainstream portfolios. Institutional gamers get regulated entry to one of many largest altcoins, whereas additionally benefiting from the yield-generating mechanics of staking — without having to handle wallets, validators, or unbonding dangers. With DeFi staking yields changing into a aggressive edge, analysts consider this ETF might assist solidify BNB’s place in institutional methods, even when retail hype lags behind greater names like BTC or ETH.

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