REX Shares and Osprey Funds submit application documents to the US SEC for a spot BNB ETF with staking functionality

On Tuesday, REX Shares and Osprey Funds jointly filed an N-1A registration statement with the U.S. Securities and Exchange Commission (SEC) to manage the first U.S. spot BNB ETF that may include staking functionality. The proposed fund aims to provide direct exposure to the price of BNB, the native cryptocurrency of BNB Chain.