REX Shares Launches Ethereum and Staking Rewards ETF
REX Shares introduces the REX-Osprey Ethereum+ Staking ETF (ESK), combining spot Ethereum exposure with on-chain staking rewards to offer monthly distributions to investors.
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Fact Check
The evidence strongly confirms the statement. A Business Wire press release (Evidence 4 & 8) explicitly announces that 'REX-Osprey™ Launches First Ethereum Staking ETF in the US', which provides exposure to Ethereum (ETH) plus staking rewards. This launch is corroborated by earlier SEC filings (Evidence 2 & 6) and partnership announcements (Evidence 3 & 7) that detail the fund's intent and structure.
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Summary
REX Shares has launched the REX-Osprey Ethereum+ Staking ETF (ESK), allowing investors to gain exposure to spot Ethereum along with real on-chain staking rewards. The fund offers monthly distributions, combining Ethereum price movements and passive staking income for investors.
Terms & Concepts
- Spot Ethereum: Direct investment in Ethereum, reflecting its current market price without using derivatives.
- On-chain Staking: The process of locking cryptocurrency directly on the blockchain to support network operations and earn rewards.
- ETF (Exchange-Traded Fund): A pooled investment vehicle traded on exchanges, which holds assets such as stocks, commodities, or cryptocurrencies.