Investment company Rex Stock, in partnership with Osprey Funds, issued a statement of registered N-1A before the U.S. Securities Exchange and the Securities Commission (SEC) on August 26th, beginning contributions cited in the Stock Market (ETF) under the BNB.
The N-1A statement is a format used by investment management companies to register open funds such as ETFs before the SEC.
The fund incorporates a process in which cryptocurrency holders block assets to support network security and receive rewards in return. In the face of this distinctive nature of the world, what positions it as the first BNBETF?.
The fund tracks BNB prices directly and aims for estimates with CBOE BZX bags. According to the statement, BNB Holdings is under the control of an unidentified cryptocurrency supplierAnd staking could delegate external barters, including those with Rex Advisers Subsidiar having a small number of participation.
The aim of this approach is to maximize profitability by maintaining a significant portion of the assets and generating rewards distributed to investors.
Additionally, the ETF handles the creation and refund of cash measures rather than direct exchange of BNBs. The statement also shows that The background may interact with liquid staking protocols that release negotiable derivatives to maintain fluidity It gives Harding’s yield, but it gives investors flexibility.
After the news of the presentation, BNB prices experienced a 4.58% increase. This ranges from $829 to $867. On the current day, cryptocurrency was estimated at $859, reflecting renewed interest in assets.
Rex-Soprey already has experience with this type of product. In July, as reported by Cryptonoticias, companies launched their first ETFs based on Solana (SOL), including Solana (SOL). Marking precedents in the integration of cited fund reward mechanisms and cryptocurrency.
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