TechFlow, August 27 — According to TheBlock, REX Shares and Osprey Funds have jointly filed an N-1A registration statement with the U.S. Securities and Exchange Commission (SEC) to launch the first BNB exchange-traded fund (ETF) in the United States featuring staking functionality.
The fund is planned to be listed on the Cboe BZX Exchange and will hold BNB directly, potentially delegating staking operations to third-party validators. It will generate returns through BNB staking and use a cash-based creation and redemption process for shares. Analysts expect the fund could launch as early as November 9.
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