Catenaa, Saturday, July 05, 2025-REX Shares and Osprey Funds will launch the United States’ first-ever staked cryptocurrency exchange-traded fund (ETF) this Wednesday, marking a major regulatory milestone in crypto-finance.
The new product, centered on Solana, will allow investors to earn staking rewards through a novel legal structure that skirts traditional SEC bottlenecks.
The ETF will be listed as a C-corporation, enabling it to hold and stake crypto assets like Solana and Ethereum while distributing staking yields as taxable dividends. The structure offers a workaround to regulatory barriers that have long hindered direct staking exposure in retail ETFs.
While most crypto ETFs await standard approval processes, Rex-Osprey’s C-corp model bypasses them. Management fees are set at 0.75%, but tax accruals on internal income may lift effective costs for investors. Still, the launch is being welcomed by crypto advocates eager for broader access to passive yield strategies in regulated products.
The announcement coincides with a broader crypto ETF wave. The SEC faces a Wednesday deadline to rule on converting Grayscale’s Digital Large Cap Fund, which includes Bitcoin, Solana, and XRP. Regulatory winds have shifted in crypto’s favor under President Donald Trump, fostering optimism for novel financial products.
The SEC had previously questioned the Rex-Osprey fund’s ETF classification, but those concerns appear resolved.
