Overview

• The managers submitted an N-1A to the SEC on Aug. 26 for the REX‑Osprey BNB + Staking ETF with a proposed listing on Cboe BZX.
• The fund targets at least 80% exposure to BNB and commits a minimum 40% allocation to other BNB ETFs or ETPs, including 21Shares’ Swiss ETP and a planned REX‑Osprey ETP.
• The strategy seeks to stake BNB directly and via liquid staking protocols, references a seven‑day unbonding period, and limits illiquid holdings to no more than 15% of net assets.
• Anchorage Digital Bank is designated as digital asset custodian and U.S. Bank for traditional assets, with a Cayman subsidiary and C‑corporation used for custody, staking, and tax treatment.
• The filing follows the firms’ Solana + Staking ETF launched under the 1940 Act, now around $150 million in assets, with approval for the BNB fund uncertain under SEC scrutiny but potentially swift if granted.