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REX-Osprey launches the first Ethereum staking ETF in the U.S. under the ticker ESK.
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The fund offers investors exposure to ETH plus staking rewards.
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Rivals like BlackRock and Fidelity are still waiting on SEC approval to add staking to their ETH ETFs.
First Ethereum Staking ETF Hits the Market
REX Shares and Osprey Funds have launched the first U.S. Ethereum staking ETF, offering investors both exposure to spot ETH and the benefits of staking rewards. Trading under the ticker ESK, the fund uses the 1940 Act ETF structure, a legal pathway that has allowed REX-Osprey to move ahead of bigger players like BlackRock, Fidelity, and Franklin Templeton.
SEC Still Reviewing Rivals
The Securities and Exchange Commission (SEC) recently said it needed more time to review applications from the larger asset managers. Their ETH ETFs already hold nearly $25 billion in assets, but they cannot yet distribute staking rewards.
Expanding Crypto ETF Innovation
This isn’t REX-Osprey’s first move to get ahead. The firms also launched the first Solana staking ETF earlier this year and a Dogecoin ETF just last week. They have followed a different compliance route than their competitors, filing under the 1940 Act rather than the 1933 Act. The firms also submitted paperwork in August to launch a Binance Coin ETF that would include staking.
