Although it is not an ETF spot, its operation for investors is quite similar.
Blackrock and other companies still expect for approval of the SEC for their ETF with Staking.
Rex Shares and Osprey Funds investment firms together today launched today, September 25, the first Bag (ETF), Ether), Ether Cryptocurrency, which includes the Staking mechanism in the United States.
This fund, which operates under the Esk ticket, is described For companies as “the first American fund that offers investors a profitable and convenient exhibition to Ethereum Spot through the ETF structure of the 1940 law.”
Through the financial instrument it is allowed to access the price of ETH and obtain monthly yields by the Staking, a process through which ETH holders block their assets on the network to validate transactions and receive rewards in return.
Rex-OSPREY said that “all stoking rewards that the fund receives are transferred directly to investors, without Rex or Osprey retaining any part.”
The following graph shows how the price of this fund has moved so far this first day of trading:
The ETF was registered under the investment Company Act of 1940, so it operates similar to a mutual background, although it is worth clarifying that it is not an ETF spot, unlike the Bitcoin (BTC) ETF (BTC) and Ether approved by the United States Stock Exchange and Securities Commission (SEC) in 2024 under the 1933 Act Securities.
Rex-Osprey Take advantage of the “spot” label as a marketing resource To associate its launch to the prestige of the Bitcoin and Ether ETF, although the mechanics and the level of real exposure are different.
Companies are also responsible for the launch of the first ETF of Dogecoin and XRP last week, as Cryptonoticia reported. Meanwhile, signatures like Blackrock, Fidelity and Franklin Templeton await the approval of the SEC for his ETF of Ethereum (truly “spot”) with staking, after a extension established two weeks ago by the regulatory body.