According to @EricBalchunas, Rex has filed for a BNB Staking ETF under the Investment Company Act of 1940, signaling a regulated ETF wrapper focused on BNB staking exposure (source: Eric Balchunas on X, Aug 26, 2025). The post notes the structure is similar to an ETF with ticker SSK, highlighting a comparable approach to staking-related exposure (source: Eric Balchunas on X, Aug 26, 2025). The post does not provide a ticker, fee details, or a launch timeline, indicating that specifics remain undisclosed at this stage (source: Eric Balchunas on X, Aug 26, 2025).

According to @EricBalchunas, the SEC sent a letter to REX expressing concerns that the company may have improperly filed its application. REX's legal team remains confident a resolution is possible, echoing the situation previously seen with $PRIV. Issuers are aggressively pushing regulatory boundaries in a bid to launch the first crypto ETF, which could significantly impact market sentiment and trading volumes as regulatory clarity emerges (source: @EricBalchunas, @isabelletanlee, Twitter, May 31, 2025).