- Binance coin (BNB) price has formed a similar fractal pattern to the 2021 bull rally breakout.
- The Rex filing for a BNB Staking ETF is the second similar application after VanEck filed an S-1 registration statement in early May.
- ETF expert James Seyffart believes the Rex filing for a BNB Staking ETF could go live in early November.
Binance Coin (BNB) rebounded as much as 3%, climbing from a 24-hour low of $831 to trade above $864 on Wednesday. The price jump follows the news that REX Shares and Osprey Funds have jointly filed for a BNB staking ETF, a direct reflection of how BNB’s utility and institutional backing are fueling its rally.
The large-cap altcoin, with a fully diluted valuation of about $120.4 billion, surged above the 50 Moving Average Simple (SMA), in the four-hour timeframe. As a result, BNB’s Open Interest (OI) rebounded slightly to hover about $1.5 billion on Wednesday during the early Asian session, according to data aggregate from CoinGlass.
What to Know About the REX-Osprey BNB staking ETF
REX Shares, in partnership with Osprey Funds, submitted an S-1 application with the U.S. Securities and Exchange Commission (SEC) to launch a BNB Staking ETF. The filing, made under the Investment Company Act of 1940, however, did not provide details on the fund’s custodian, validator partners, management fees, or allocations.
The REX-Osprey BNB staking ETF application also did not provide details about management fees or allocation. However, the REX-Osprey BNB staking ETF application is expected to go through an SEC review process, which will likely lead to an amendment filing of the S-1 registration statement.
When Could the New BNB Staking ETF Go Live?
According to James Seyffart, an ETF expert, the REX-Osprey BNB staking ETF is likely to go live as early as November 2025. Seyffart highlighted that the set date of November 9 is due the the REX-Osprey BNB staking ETF application is structured under the 1940 Act.
The REX-Osprey BNB staking ETF application is similar to the REX-Osprey Solana Staking ETF (SSK), which provides investors with exposure to SOL in addition to staking rewards.
Is This the First BNB ETF Filing?
No, this is the second filing of its kind, which confirms a growing trend. The REX-Osprey application follows a similar filing from asset manager VanEck in May 2025 for its own BNB ETF.
The VanEck BNB ETF was also subject to staking approval by the U.S. SEC, with the manager offering both in-kind and cash creation and redemption for select investors. Notably, the VanEck BNB ETF is now pending the SEC’s approval with the fund manager expected to file Form 19b-4 soon.
Rising Demand for BNB
The application of REX-Osprey BNB staking ETF has signaled a rising demand for the altcoin by institutional investors. Moreover, several corporations have been implementing BNB as a treasury management tool.
Some of the corporations that have implemented BNB as a treasury management tool include Windtree Therapeutics (WINT), NASDAQ-listed Nano Labs, and Liminatus Pharma (Nasdaq: LIMN). The rising demand for BNB by institutional investors is backed by the mainstream adoption of the Binance exchange and the BNB Chain in the DeFi space.
This has even spurred plans for a dedicated BNB corporate treasury created by raising $100 million.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
Source: https://coinedition.com/bnb-price-rebound-after-rex-osprey-staking-etf-application/