REX Shares and Osprey Funds (REX-Osprey) have applied to the U.S. Securities and Exchange Commission to launch a BNB exchange-traded fund (ETF) that includes staking yields. This application has attracted attention as asset management companies intensify their entry into the cryptocurrency ETF space.
According to the application documents, the REX-Osprey BNB + Staking ETF will allocate at least 80% of its funds to BNB, or indirectly hold BNB assets through a subsidiary in the Cayman Islands. The remaining funds may be invested in other ETFs or BNB-related products.
BNB staked on the Binance chain is expected to generate an annual return of 1.5% to 3%. If the new ETF is approved, it may differ from the Osprey Funds BNB Chain Trust launched in 2024, which primarily targets accredited investors with a minimum subscription amount of $10,000.
The fund plans to stake all BNB, provided that the advisor ensures that non-liquid assets are below 15% of the portfolio, to guarantee that investors can still redeem their shares. Anchorage Digital Bank is appointed as the custodian for the fund's BNB and related holdings.
The REX-Osprey BNB + Staking ETF is similar to another BNB ETF that VanEck applied for in May 2025, which is the first proposed BNB fund in the U.S. VanEck is also seeking to capture staking yields from BNB.
ETF market dynamics are rising.
According to SoSoValue.com, recent trading volumes of U.S. cryptocurrency ETFs have risen significantly. Monthly inflows for Bitcoin (BTC) ETFs increased from $3 billion in April to $6 billion in July. Meanwhile, Ethereum (ETH) ETFs had inflows of $5.4 billion in July and $3.7 billion so far in August.
In the week of August 15, Bitcoin and Ethereum ETFs set a record for the highest combined trading volume to date. The Ethereum ETF had a weekly trading volume of $17 billion, breaking historical records. Analysts say that if more cryptocurrency ETFs are approved in the U.S., the token market may see significant gains.
