REX-Osprey has unveiled ESK. This fund pairs Ethereum investments with stake payouts. It is the very first ETF in the United States of this kind. The fund aims to integrate blockchain yields within the framework for traditional investing.
You can read more about it here:
- REX-Osprey has launched ESK, a U.S. ETF that combines Ethereum exposure and staking reward.
- Investment Company Act of 1940 provides strict regulation.
- The staking rewards are paid directly to the investors. This is a distinct advantage over fee-based cryptocurrency products.
A press release On September 25, REX Shares, in partnership with Osprey Funds, launched the ESK ETF. The ESK ETF provides investors with exposure on spot Ethereum.ETH(along with the monthly rewards that are generated when staking assets on blockchain.
The REX Osprey Staking + ETH ETF operates under Investment Company Act of 1941, an important distinction which imposes stringent regulatory requirements to its operations and structure.
Ethereum Staking with an ETF Wrapper
ESK is designed to maintain a mixture of exchange traded products and directly staked Ethereum. The press release states that every validator award earned by the ESK fund will be distributed to investors. Neither REX Shares or Osprey funds retain any portion of these distributions.
ESK is distinguished by this distinction from similar crypto-linked products which are often based on performance fees and revenue-sharing. REX Financial’s CEO Greg King described the launch of the product as the logical next stage in the company’s strategic plan.
“With ESK, we’re giving investors access to Ethereum plus staking rewards in the most broad-based US ETF format,” King said “This continues our work of introducing crypto staking through the ETF structure.”
ESK will be rolled out in July. debut SSK was the REX – Osprey Solana & Staking ETF. REX-Osprey stated that SSK already has assets in excess of $300 million, which shows a market demand for the hybrid investment model.
SSK converted recently to a regulated company structure. The move enhances the tax efficiency of investors.
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Source: crypto.news
