The US is set to launch the first exchange-traded funds (ETFs) that will track cryptocurrency prices and provide staking returns for investors.
Overview of New ETFs
REX Shares and Osprey Funds are preparing to launch new ETFs focused on investments in Ethereum (ETH) and Solana (SOL) assets, with potential additional returns from staking.
Approved ETFs and Their Features
After completing the comments from the U.S. Securities and Exchange Commission (SEC), the REX and Osprey ETFs, which propose taxing staking income within the fund, received approval for launch. These ETFs will trade on the Cboe BZX exchange under the symbols ESK (for ETH) and SSK (for SOL).
Market Competition for ETFs
There is significant competition in the ETF market, particularly concerning Solana. Major firms such as Invesco and Galaxy have also applied for similar ETFs. It is expected that the new funds may be approved within the next two to four months.
The launch of ETFs that integrate staking opportunities represents a significant step forward for crypto investors, opening new horizons for investment strategies.
