REX-Osprey Seeks Approval for BNB Staking ETF

The REX-Osprey team has submitted a proposal to the US Securities and Exchange Commission (SEC) for a new BNB staking exchange-traded fund (ETF). This new fund, which would hold at least 80% of its capital in BNB tokens directly or through a subsidiary, aims to generate returns of between 1.5% and 3% annually via staking on the Binance Chain, a proof-of-staked-authority model. The filing arrives amidst growing interest in crypto ETFs, with Bitcoin and Ethereum products seeing record inflows and trading volume over recent months.