The new investment product can be a notable catalyst for BNB, but the BSC ecosystem is still struggling to show bullish potential.
BNB BNB $893.5 24h volatility: 4.4% Market cap: $123.08 B Vol. 24h: $1.72 B investors have started their bullish speculations after the REX Shares announcement late Tuesday, Aug. 26.
Bloomberg’s senior exchange-traded fund analyst Eric Balchunas posted on X that REX Shares, a Miami-based ETF provider specializing in alternative-strategy investment products, has filed for the BNB Staking ETF.
Rex filing for a BNB Staking ETF, under the 40 Act a la $SSK pic.twitter.com/YFjHBEFw4y
— Eric Balchunas (@EricBalchunas) August 26, 2025
Balchunas shared a screenshot of a filing for REX-Osprey BNB Staking ETF on the Cboe BZX Exchange.
The filing came after BNB reached an all-time high of $900 on Aug. 23. The BSC-based token soon saw a selloff to $840 and is currently trading at $858.
While the REX-Osprey BNB Staking ETF can act as a major catalyst for the asset, similar to the Solana Staking ETF, BNB is still seeing weak fundamental and technical indicators.
Firstly, BSC’s decentralized finance total value locked just reached above $7.5 billion, but it’s still far away from its ATH of nearly $22 billion, according to data from DefiLlama.
The flagship protocol and decentralized exchange on the network, PancakeSwap, has been seeing between 80% and 90% lower fees and revenue over the past month. The protocol’s daily fees declined from $5.15 million on July 28 to roughly $500,000 over the past 24 hours.
This shows a notable decline in the platform’s usage.
Moreover, according to the crypto analyst known as Sloo Reviews on X, traders are currently watching the $800 to $820 zone for BNB despite the announcement from REX Shares.
BNB has pulled back to around $840 after hitting $900 recently.
Technical indicators suggest a potential bearish ABCD pattern.
The price is now below the 9-day moving average of $853 but still above the 50-day average near $782.
Traders are watching the $800–$820 support zone… pic.twitter.com/6dwxd78tmt
— Sloo Reviews 🟫🟤 (@slooreviews) August 27, 2025
The analyst hinted at the massive $1 billion BNB treasury plans by YZi Labs but claimed that the asset is “at a critical point.”
If BNB loses the $800 mark, the altcoin will likely see a strong selloff from the investors.
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