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REX-Osprey Nears Launch of Solana and Ethereum Staking ETFs With SEC Approval

  • REX-Osprey is set to launch the first U.S. staking ETFs for Solana and Ethereum assets, offering exposure to price fluctuations along with distributing staking rewards to investors.
  • The SEC has cleared the way for the launch of these innovative investment products by raising no further objections, following a period of review and addressing initial concerns about their legal structure and compliance.
  • The unique legal structure of the REX-Osprey ETFs, set up as C-corporations, allows for staking yields to be taxed within the fund before distribution, distinguishing them from traditional ETF structures and potentially facilitating institutional adoption.
  • While the management fees for the funds are set at 0.75%, the actual costs to shareholders might be higher due to income tax accrual within the fund. The launch of these staking ETFs could mark a significant development in the growth of crypto-related investment vehicles in the U.S.

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