REX Shares Submits Proposal to Launch BNB Staking ETF to SEC!
Jakarta, Pintu News – REX Shares recently filed a proposal with the U.S. Securities and Exchange Commission (SEC) to launch a Binance Coin Staking ETF. This initiative offers investors the opportunity to gain exposure to BNB while earning returns from staking.
With a structure organized under the Investment Company Act of 1940, this ETF has the potential to get approval faster than other similar products.
REX Share applies for ETF BNB Staking
According to CoinSpeaker, BNB investors started to speculate positively after the REX Shares announcement on Tuesday night, August 26.
Read also: Canary Capital Proposes TRUMP Coin ETF: A Promising Investment or High-Risk Opportunity?
Bloomberg’s senior ETF analyst Eric Balchunas, through a post on the X platform, reported that REX Shares, a Miami-based ETF provider known for alternative strategy investment products, has applied for the BNB Staking ETF.
In his post, Balchunas included a screenshot of the REX-Osprey BNB Staking ETF filing document on the Cboe BZX Exchange.
This filing comes after the price of BNB reached an all-time high of $900 on August 23. But shortly after that, the price corrected to $840 and is currently trading in the range of $858.
BNB’s Fundamental Condition is Still Weak
Although the presence of the REX-Osprey BNB Staking ETF could be a big boost to BNB’s performance – much like the effect of the Solana staking ETF – BNB’s fundamentals and technicals still look weak.
First, the total value locked (TVL) in the decentralized finance ecosystem on the Binance Smart Chain (BSC) network just surpassed $7.5 billion, well below the previous record of nearly $22 billion, according to data from DefiLlama.
Meanwhile, the network’s flagship protocol, PancakeSwap , saw a sharp decline in revenue and transaction fees.
In the past month, daily revenue dropped dramatically from $5.15 million on July 28 to around $500,000 in the last 24 hours. This reflects a significant drop in user activity on the platform.
Read also: Bitwise Files S-1 Filing with US SEC for Spot Chainlink ETF (LINK)!
BNB Price Analysis
In addition, according to crypto analyst Sloo Reviews on the X platform, traders are currently still watching the $800 to $820 price area for BNB, despite the announcement from REX Shares.
The analyst hinted at big plans from YZi Labs to establish a $1 billion BNB treasury fund, but still stated that the asset is at a tipping point.
If BNB fails to maintain the $800 price level, there will most likely be a massive sell-off from investors.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
Reference:
- CoinSpeaker. Rex Shares Files for BNB Staking ETF, Can BNB Hit $900? Accessed on August 28, 2025
- Coinpedia. Binance Coin Rebounds After Rex Osprey Filed for BNB Staking ETF. Accessed on August 28, 2025
- Crypto News. Rex Shares Files for BNB Staking ETF 2025. Accessed on August 28, 2025
