Binance Coin Rises After REX-Osprey ETF Filing Signals Institutional Interest

Binance Coin (BNB) experienced a price rebound on Tuesday following news of REX-Osprey’s application for a spot BNB staking exchange traded fund (ETF). The coin surged by 2.5% from intraday lows, trading at around $861 in the late North American session. This surge followed a record high of over $899 reached recently for BNB, reflecting growing bullish sentiment within the market. The rise is also attributed to increasing Open Interest (OI), which has reached a peak above $1.67 billion in recent days.