REX Shares and Osprey Funds have made U.S. crypto history with their groundbreaking REX Osprey Staking ETFs. They broke through with Ethereum (ESK) and Solana (SSK) staking ETFs which got the green light from the SEC. This was in effect for a first of a kind launch. The SEC’s Friday filing stated that there were no further comments. This resolved issues from the May 2025 applications for REX Osprey staking.
Unlike present crypto ETF’s which put money in futures contracts, these funds will be staked in Ethereum and Solana. They, in turn, pass on dividends to the investor. The uniqueness is that they add a very attractive income element. This mostly price play makes them very attractive to institutions seeking staking return.
Bloomberg’s Eric Balchunas reports the news as a large step forward, tweeting “They are good to go launch looks like. Wow.” The ETFs will now be put out on the Cboe BZX Exchange. This launch of the REX Osprey Staking ETFs has pre-campaign promotions due out soon, as confirmed by REX Shares on X.
REX-Osprey Staking ETFs Use Bold C-Corp Workaround
These products apart have a C-corporate structure which is atypical in the ETF world. Mostly, ETF’s use the grantor trust model. By going the C-corp route, REX-Osprey avoided the long 19b-4 SEC review process. This process usually extends to 240 days. Also, the funds fall under the Investment Company Act of 1940. They put this in place within 75 days if the SEC does not deny. The strategic move was essential for the successful launch of staking ETFs from REX Osprey. SEC filings outline the structural framework.
This is a smart solution. It puts staking in a regulated fund structure. However, it is tax inefficient due to double taxation at the corporate level, and again when dividends are doled out. But it is a trade-off which brings in yield within the parameters of compliance for REX Osprey ETFs.
80% of the fund’s assets will be put into ETH and SOL. These will have over 50% staked via our Cayman-based subsidiaries. A management fee of 0.75% and total expense ratios of 1.28% for Ethereum and 1.40% for Solana apply in these innovative REX Osprey Staking ETFs.
ETFs To Ignite Industry Growth
This launch may see a great transformation of the ETF space. At present only Solana futures ETFs (SOLZ, SOLT) which give exposure to the U.S. Several companies including Galaxy, VanEck, and Grayscale have put forth applications for spot Solana ETFs which in fact include staking. The landscape changes with these REX Osprey ETFs staking assets.
The REX-Osprey model is to be used as a base. Bloomberg reports that ETFs in the Solana network may get approval within weeks, which was a few months out. Institution interest in staking is on the rise. In turn, they improve staking returns and put stable pressure on asset prices.
As greater regulatory clarity emerges, ETF products which offer yield and exposure are going to be the norm. The REX-Osprey staking ETFs aren’t just first, they are setting the direction for what is to come, paving a path for others in the cryptosphere.
