"BNB's Institutional Push Gains Steam as Staking ETF and Treasury Plans Align"

BNB price has maintained a key support level as new developments in the token’s ecosystem gain momentum, including the submission of a staking ETF filing and a $1 billion BNB treasury initiative backed by Binance co-founder Changpeng Zhao’s family office. The U.S. Securities and Exchange Commission (SEC) has been formally notified of the filing for the REX-Osprey BNB + Staking ETF, which aims to stake a majority of its assets in BNB and seek returns through both direct staking and liquid staking protocols [1]. The ETF, if approved, would be listed on the Cboe BZX Exchange and could provide regular staking compensation through either conversion rate increases or token balance adjustments.

The filing outlines that no more than 15% of the fund’s net assets will be considered illiquid, with a seven-day unbonding period for staked BNB expected to allow a significant portion of the fund’s holdings to remain in a staked state. Anchorage Digital Bank National Association will serve as custodian for the digital assets, while U.S. Bank will manage more traditional components of the fund. The REX-Osprey BNB + Staking ETF will also allocate at least 40% of its assets to other funds that hold BNB directly or indirectly, including the 21Shares Binance BNB ETP and the yet-to-launch REX-Osprey Binance BNB ETP [1].

This ETF filing is not the first of its kind in the United States. REX Shares and Osprey Funds already launched the Rex-Osprey Solana + Staking ETF in early July, marking the debut of a U.S. staking ETF. The BNB + Staking ETF is following a similar regulatory route by seeking approval under the Investment Company Act, distinguishing it from traditional spot-based Bitcoin and Ethereum ETFs [1]. VanEck also submitted an ETF application with a staking component earlier this year, though it did not include staking as part of its primary strategy and noted no assurance of regulatory approval [1].

In parallel, a new $1 billion BNB treasury initiative led by B Strategy is set to further bolster demand for the token. The fund, which will be backed by YZi Labs—the family office of CZ—aims to transition a U.S.-listed company to a BNB-focused treasury model through a private placement [2]. The structure mirrors that of 10X Capital, which earlier this year raised $250 million with YZi Labs’ support to build a BNB reserve asset portfolio. B Strategy is positioning itself as a bridge between U.S. and Asian markets, capitalizing on strong demand from Asian investors seeking exposure to U.S. equities through a trusted management team [2].

The move reflects broader interest in BNB as a reserve asset. CEA Industries and BMB Network have previously launched BNB treasury vehicles, with CEA’s shares surging over 550% after announcing its plans. With BNB currently valued at $120.3 billion in market capitalization, the token remains a key pillar of the Binance ecosystem, used for transaction fees, staking, and governance [2]. According to recent reports, CZ controls approximately 64% of the total BNB supply, giving his family office significant influence over the token’s value and utility [2].

The combined effect of the ETF filing and new treasury initiatives could contribute to increased institutional demand for BNB, reinforcing its price stability in the near term. While the regulatory outcome for the ETF remains pending, the strategic alignment of multiple stakeholders—ranging from asset managers to family offices—suggests a coordinated effort to enhance BNB’s liquidity and adoption in mainstream financial markets.

Source:

[1] Rex-Osprey Submits Filing to List BNB Staking ETF (https://finance.yahoo.com/news/rex-osprey-submits-filing-list-145954254.html)

[2] Binance's CZ family office backs another BNB treasury (https://cointelegraph.com/news/binance-cz-family-office-bnb-treasury-launch-us)