Rex-Osprey Launches First Staked Crypto ETF in US
Rex-Osprey is set to launch the first-ever staked crypto ETF in the US, with trading beginning this Wednesday. The ETF will track the price and staking rewards of Solana, providing an innovative investment strategy for holders. Rex Shares and Osprey Funds initiated this concept in May, filing with the US SEC to create ETFs for Solana and Ethereum, where some assets will be staked for additional yield. This ETF is structured as a taxable C-corporation, offering a unique legal framework that allows staking distributions to be taxed within the fund, later distributed as dividends. While the SEC had concerns regarding the ETF's legal classification, these have been addressed. The fund's management fee is 0.75%, and this launch reflects the regulatory shift towards cryptocurrency investments.
FAQ
❓ What is special about the Rex-Osprey ETF?
It is the first US staked crypto ETF, investing in Solana and Ethereum, and structured as a taxable C-corporation.
❓ How does staking work in this ETF?
Assets are staked within the fund to generate additional yields, which are taxed inside the fund before distribution.
❓ What are the management fees for this ETF?
The management fees are 0.75%, but additional tax accruals may result in higher total fees.