REX Shares and Osprey Funds submit applications to the US SEC to launch Ethereum and Solana staking ETFs

avatar
MarsBit
05-31
This article is machine translated
Show original
Mars Finance News, according to The Block, REX Shares and Osprey Funds have submitted an application to the U.S. Securities and Exchange Commission (SEC), planning to launch staking ETFs for ETH and Solana. The new ETH and SOL funds will "invest at least 80% of their net assets in their respective reference assets," namely 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" to address U.S. federal income tax, rather than operating as "regulated investment companies" like spot Bitcoin and ETH ETFs.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments