REX Shares and Osprey Funds have submitted applications to the SEC to launch staking ETFs, highlighting growing institutional interest in cryptocurrency staking opportunities.
Applications for Ethereum and Solana Staking ETFs
REX Shares and Osprey Funds filed applications with the SEC on May 31 to propose Ethereum and Solana staking ETFs. These funds will invest at least 80% of their net assets in ETH or SOL, utilizing a unique C-corporation structure instead of traditional ETFs.
Impact of ETFs on Ethereum and Solana Market
The proposed ETFs could influence market dynamics for ETH and SOL, potentially boosting their demand and liquidity. The structural differences of these funds may set a new precedent for upcoming staking products. James Seyffart of Bloomberg Intelligence noted, "These ETFs are structured as c-corps. Which is very rare in the ETF world. Don’t know the launch date, but it could be within the next few weeks."
Unique C-Corp Structure and Future Crypto ETFs
The unique C-corporation approach for the proposed staking ETFs may initiate new regulatory strategies for crypto investment vehicles. These developments could significantly influence how traditional financial instruments incorporate blockchain technology.
The applications for staking ETFs by REX Shares and Osprey Funds underline the increasing interest in cryptocurrency among institutional investors and may have a substantial impact on the Ethereum and Solana markets.
