Rex Shares, in partnership with Osprey Funds, has filed with the U.S. Securities and Exchange Commission (SEC) for approval of a groundbreaking BNB Staking ETF. The filing, submitted on August 26, 2025, proposes an exchange-traded fund that would provide investors with exposure to both the price movement of Binance Coin (BNB) and annual staking rewards ranging between 3% and 5%, paid out as dividends.
The ETF's structure is designed to comply with the Investment Company Act of 1940, ensuring security and uniform distribution of rewards through institutional custodians. This approach eliminates the complexity of direct involvement in staking, allowing investors to benefit from BNB's staking incentives without managing wallets or participating in staking pools.
The filing comes at a time when the SEC has shown increasing openness toward regulated staking products, having clarified its guidelines in August 2025 to signal support for regulated pooled staking products. Bloomberg ETF analyst Eric Balchunas noted that the filing "is reminiscent of the successful Solana ETF and could mark a watershed for institutional staking products," referencing Rex's previous Solana Staking ETF that quickly amassed $133 million in assets under management.
Following the announcement, BNB's price increased by 2.5%, reflecting positive market sentiment. Industry analysts suggest approval could draw over $500 million into BNB, significantly impacting institutional investment in altcoins and potentially serving as a bellwether for further investment in altcoin-based financial products. The ETF is expected to launch in late Q4 2025 if approved.