Overview

• Filed on Aug. 26, the REX‑Osprey BNB + Staking ETF would use a C‑corporation with a Cayman Islands subsidiary to hold and stake BNB, distributing staking proceeds to shareholders as dividends.
• The prospectus sets allocation rules requiring at least 80% of assets in BNB and BNB‑related investments and at least 40% in other ETFs or ETPs, including non‑U.S. products.
• The fund plans to list on the Cboe BZX Exchange if approved, with staked BNB subject to an approximately seven‑day unbonding period before it can be sold or moved.
• The structure mirrors REX‑Osprey’s Solana + Staking ETF launched in June, which established the model under the Investment Company Act and resolved prior SEC comments.
• Coverage notes the SEC has delayed other altcoin ETF bids over manipulation and custody risks, while issuers suggest the fund could launch within weeks if cleared and industry reports point to rising institutional interest in BNB.