REX-OSPREY TO LAUNCH SOLANA, ETHEREUM STAKING ETFS

Summary from the TLDR Crypto newsletter

REX Shares and Osprey Funds received SEC sign-off on June 28, clearing the launch of two C-corporation ETFs – ESK for Ethereum and SSK for Solana – that will both track spot prices and distribute onchain staking rewards to holders. By electing C-corp status, these funds will internally tax staking distributions before paying them out as dividends, charging a 0.75% management fee. US spot Ethereum ETFs have traded for nearly a year and only futures-based Solana ETFs exist today. Both products will list on Cboe BZX, using this legal workaround to expedite the availability of staking-yield ETFs.