REX and Osprey propose the first U.S. BNB Staking ETF, offering direct Binance Coin exposure and staking rewards to investors.
REX Shares and Osprey Funds are working together to bring a new cryptocurrency product to traditional investors. On August 26, 2025, they filed a request with the U.S. Securities and Exchange Commission (SEC). They aim to introduce the REX-Osprey BNB + Staking ETF, a new exchange-traded fund with a United States base.
New ETF to Offer Direct Exposure and Staking Rewards for BNB
In case of approval, the fund would provide direct exposure to Binance Coin (BNB). It would also enable investors to receive staking rewards. This would mark the first of its kind ETF in the U.S. The companies will list the fund on the Cboe BZX Exchange, potentially as early as November 9 or 10, 2025.
The ETF will primarily track the price of BNB, the original currency of the BNB Chain that was developed by Binance. A minimum of 80% of the fund assets will be invested in BNB or products related to BNB. These can be other ETFs or direct holdings. The fund will also have BNB as a stake, where it will earn rewards. Investors will then receive these rewards in form of dividends.
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In order to have an efficient way of handling taxes, the fund will be run under a Cayman Islands subsidiary. Meanwhile, it will maintain the majority of its assets in liquid form. This is significant since staked BNB can to be moved until a seven-day unbonding period. The fund will have no less than 15% of its total as illiquid assets.
This is not the first time REX and Osprey have tried this kind of product. In July 2025, they introduced a comparable ETF, based on Solana. That was the first ETF to offer staking rewards in the U.S. It was, too, organized according to the Investment Company Act of 1940, in the same way as is the proposed BNB fund. The Solana ETF has already collected over 161.7 million dollars within two months, and this gives an indication that investors are keen on such products.
BNB Staking ETF May Bring Binance Coin to Traditional Investors
Meanwhile, large companies are becoming interested in BNB. In 2025, over 30 publicly traded companies had made a total investment of over 800 million in BNB. To illustrate, BNB Network Company is a subsidiary of CEA Industries and purchased 200,000 BNB tokens, which are currently worth 160 million dollars. The BNB is an intelligent investment opportunity to other companies like Nano Labs due to its small supply, frequent burns of tokens, and minimal charges.
Nevertheless, it might be hard to get SEC approval. The agency has pending other crypto ETF applications of tokens such as Avalanche and Cardano. It has caused apprehension about the market manipulation and custody risks. Nevertheless, this filing demonstrates that altcoin ETFs have solid momentum.
To sum it up, the REX-Osprey BNB + Staking ETF may become an important step. It is a passive income generated by staking in combination with crypto exposure. In the event of its approval, more investors will get BNB by way of regular brokerage accounts. The crypto world is now waiting to be given a green light by the SEC.
