Investment firms REX Shares and Osprey Funds have asked the U.S. financial watchdog to approve a new kind of fund. They filed a request with the Securities and Exchange Commission (SEC) for an exchange-traded fund, or ETF, tied to BNB. What makes this proposal stand out is its plan to include staking rewards. This move comes as more people expect these crypto investment products to hit the American market.
This new fund, called the REX-Osprey BNB + Staking ETF, joins a growing trend. More companies want to bring cryptocurrencies into the regulated world of Wall Street. These new products often look for ways to earn extra money for investors.
The Proposal Details
The submitted documents show how the fund would work, according to a report by Cointelegraph. The ETF plans to put at least 80% of its money directly into BNB. BNB is the main token for the Binance ecosystem, currently worth over $860 per token. As another option, the fund could gain access to BNB through a company set up in the Cayman Islands.
The rest of the fund’s money could go into other ETFs or listed products that also offer exposure to BNB. A key part of the plan is to use the acquired BNB for staking on Binance Chain. This network uses a system called “proof-of-staked-authority.” Experts believe validators on this network can earn between 1.5% and 3% each year.
This new proposal is different from the BNB Chain Trust that Osprey launched in 2024. That trust also offers access to BNB, but it’s only for experienced, wealthy investors. It also requires a minimum investment of $10,000.
Keeping Assets Safe and Following Rules
The ETF’s design aims to stake all of the fund’s BNB. However, there’s a catch: the fund can’t have more than 15% of its assets tied up in things that are hard to sell quickly. This rule helps make sure investors can always get their money back in cash.
To meet these strict requirements, Anchorage Digital Bank has been chosen as the ETF’s custodian. This means Anchorage will manage both the BNB and any related liquid staking tokens for the fund.
This new fund application looks a lot like one filed by investment manager VanEck in May 2025. VanEck’s proposal was the first in the U.S. to suggest a BNB ETF that also offered staking rewards.
What It Means for the Broader Market
The arrival of these new product ideas comes at a time when crypto-linked ETFs are gaining serious traction in the U.S. Data from SoSoValue.com shows strong interest. For example, Bitcoin-linked funds saw new money come in, with $3 billion in April and $6 billion in July.
Ethereum ETFs also attracted a lot of cash, pulling in $5.4 billion in July and another $3.7 billion so far in August. In the week of August 15, Bitcoin and Ether ETFs hit their highest trading volume ever. Ether ETFs alone saw $17 billion in trades that week.
Future for Altcoins and Regulatory Go-Ahead
People are also getting excited about ETFs for other cryptocurrencies, known as altcoins. Analysts at Bitfinex think these altcoins will only really take off if the SEC approves more funds based on them.
Right now, besides BNB, there are pending applications for ETFs tied to Solana (SOL), Sui (SUI), and even a product linked to the Official Trump (TRUMP) token.
The SEC’s final decisions on these proposals will be key. They will show whether the U.S. market will expand to include more altcoins within regulated investment options.
Source: Cointelegraph