First US Crypto Staking ETFs Get SEC Approval - REX-Osprey to Launch ETH and SOL Funds

Mining and Staking
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REX Shares and Osprey Funds just secured SEC approval to introduce the initial ETFs in the US that not only monitor cryptocurrency prices but also offer staking rewards. This represents a significant breakthrough as they navigated regulatory challenges.

What’s launching:

  • Ethereum staking ETF (ESK ticker)
  • Solana staking ETF (SSK ticker)
  • Both will be available on the Cboe BZX exchange
  • Management fees set at 0.75% (actual expenses may be higher due to tax implications).

How they achieved this: The funds employ a C-corporation structure, which serves as a smart legal workaround to bypass the usual ETF approval process. Staking rewards are taxed within the fund prior to being distributed as dividends to investors.

Why this is significant:

  • This is the first instance of staking ETFs being launched in the US.
  • Current Ethereum ETFs do not include staking rewards.
  • Currently, only futures ETFs for Solana are offered.
  • Several firms are still waiting for approval for their spot Solana ETFs.

Timeline: REX promoted their SOL fund as

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finally, real staking etfs in the us! the fee looks decent, but im wondering how taxes will work with these. hope it doesn’t turn into a nightmare for small investors like us.

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Wow, this is huge news! I’ve been following ETFs for a while and never expected staking rewards to be integrated this fast. The c-corp structure is genius - surprised more companies haven’t tried this.

I’m curious how competitive the staking yields will be versus doing it yourself through validators. After their 0.75% fee plus corporate-level taxes, will the returns still be decent?

@CreativePainter45 makes a good point about taxes. Since staking rewards get taxed at the fund level, we just get regular dividend treatment, right? That’s way simpler than handling staking rewards directly.

Anyone seen details on which validators they’re using? Really hope they pick established, high-performance ones instead of whoever cuts them the best deal. The staking setup quality will make or break these funds.