REX-Osprey Launches First Ethereum Staking ETF in the US
- The new ETF, trading under the ticker ESK, was announced on Sept. 25 and is registered as a 1940 Act ETF.
- ESK combines spot Ethereum holdings with staking rewards, distributing monthly returns from Ethereum’s proof-of-stake system.
- Unlike many staking products, REX-Osprey will not retain any portion of the staking rewards for itself.
- In September, US Ethereum spot products saw only $110 million in net inflows compared to $3.8 billion in August.
- Cumulative flows into these products have reached $13.62 billion with total assets under management at $27.42 billion.
The launch of ESK comes amid a decline in investor interest for spot Ethereum ETFs, highlighting a challenging market environment for crypto-related investment products.
With only $110 million in inflows this month, the demand for Ethereum ETFs is notably cooling despite the cumulative assets managed exceeding $27 billion.(Source)
