Rex Seeks SEC Approval for BNB Staking ETF Under Investment Company Act of 1940, Mirroring REX‑Osprey SOL Active ETF (SSK)

COINOTAG News (Aug. 27) reports that Bloomberg Senior ETF Analyst Eric Balchunas indicates Rex is seeking approval for a BNB Staking ETF filed under the Investment Company Act of 1940. The filing frames the vehicle as an actively managed product designed to provide regulated exposure to staking rewards while aligning with established mutual fund and ETF compliance standards.

According to the disclosure, the proposed structure mirrors elements of the REX-Osprey SOL Active ETF (SSK), implying similar custody and governance considerations. This represents a regulatory filing subject to SEC review rather than an authorization; investors should await formal documentation for definitive details on mechanics, fee schedules, and risk disclosures.