REX Shares and Osprey Funds have filed with the SEC to launch Ethereum and Solana staked ETFs

PANews
PANews
BTC-0.25%
SOL-3.38%
ETH+0.27%

PANews reported on May 31 that according to The block, REX Shares and Osprey Funds submitted an application to the Securities and Exchange Commission (SEC) to plan to launch Ethereum and Solana pledged ETFs. The new ETH and SOL funds will invest "at least 80% of their net assets in their respective reference assets", i.e., ETH and SOL. Each fund will also invest "at least 50% of its holdings" in these cryptocurrencies. These funds will operate as "regular C corporations" for U.S. federal income tax purposes, rather than as "regulated investment firms" like spot Bitcoin and Ethereum ETFs.

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