TechFlame, on August 27, Theblock reported that REX Shares and Osprey Funds collaborated to submit an N-1A registration application to the US Securities and Exchange Commission (SEC) to launch the first BNB exchange-traded fund (ETF) in the US that includes a pledge function.

The fund plans to be listed on the Cboe BZX exchange, will directly hold BNB, and may entrust the staking business to a third party validator. The fund will obtain income by pledging BNB and use cash methods to create and redeem shares. Analysts expect the fund to go live as early as November 9