Rex shares and Osprey Funds have chosen Anchorage Digital as the exclusive depot and stake partner for their newly launched Rex-Osprey Solana + Stake Etf (SSK)The first crypto-tackle of the exchange traded fund (ETF) Listed in the United States
The fund that offers investors exposure to Solana
While generating poor salaries, he began on Wednesday on the CBOE exchange on Wednesday to $ 25.47 per year. Stock.
Unlike existing Spot Bitcoin and Ethereum ETFs that fall within a different regulatory framework, SSK is registered under the investment company’s 1940 law. This means that a qualified custodian – not the Fund’s issuer – must have the underlying assets. Anchorage Digital, currently the only federal regulated bank authorized for both custody and spell digital assets will fulfill this role.
“Stake is the next chapter in Crypto Etf history,” Nathan McCauley, CEO and co-founder of Anchorage Digital, said in a release. “The launch of Crypto Staking ETF marks a victory for consumers and a significant step forward in full access to the crypto ecosystem.”
ETF provides investors indirect exposure to Solana, while also participating in Blockchain’s stack mechanism, which provides additional benefits by helping to secure the network. Setting gives holders of certain cryptocurrencies the opportunity to earn rewards by locking their tokens into the network, a process that previously required technical know-how and direct interaction with crypto protocols.
By packing in an ETF structure, Rex shares and Osprey aim to make this process available to a wider range of investors through traditional brokerage accounts.
Sun is higher by 2% over the past 24 hours to $ 150.
The SSK launch comes as the Crypto ETF market continues to develop beyond Bitcoin and Ether, with issuers investigating new ways of bringing blockchain-based products to regulated exchanges. The introduction of Stakeing ETFs marks a new phase for the industry that combines income-generating functions with exposure to digital assets, all within a sec-regulated investment vehicle.
