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.