Attention, my lovely people from the crypto world! 🚨 This is news that gives us chills! Imagine that Rex-Osprey just announced a bombshell: the first cryptocurrency ETF with "staking" in the United States is launching this Wednesday! 🤯 And what does this mean in plain language? Well, the money that you have saved in Solana (SOL) and Ethereum (ETH) could now generate you more profits without you lifting a finger! 🤑
It turns out that these titans of REX Shares and Osprey Funds found a way for this ETF (which is like an investment fund traded on the stock exchange) to not only track the price of cryptos like SOL and ETH, but also pay you extra for "staking" them. And what is "staking"? It's like putting your coins to work, leaving them locked in the network to help validate transactions and, in return, earn more cryptos as a reward! It's like having a savings account that gives you interest, but with your cryptocurrencies! ✨
They announced it this Monday on X (formerly Twitter) and the truth is that it's a masterstroke. The SEC (the U.S. Securities and Exchange Commission) has been stricter than a scolding grandmother with cryptos, but now, with President Donald Trump's arrival in January, the environment is a bit more relaxed. Moreover, the SEC has until this Wednesday to decide whether to approve the conversion of another large fund, Grayscale's, which has a bit of everything, from Bitcoin to Solana and XRP. So on Wednesday, a busy day for cryptos is coming! 🗓️
The interesting thing about Rex-Osprey's move is that they turned the tables. Instead of going the normal route for an ETF, they took a very clever "alternative legal solution": they registered as "C corporations" subject to taxes. And what does this imply? That the profits generated from the "staking" will pay taxes within the fund itself before they distribute them to you as dividends. The fee is 0.75%, but with the taxes, the total might be a little higher. Still, it's a way to put your money to work without complicating your life too much. 🤓
Although the SEC had raised objections before, it seems that Rex Shares and Osprey Funds have managed to resolve the entanglement. So, if all goes well, this Wednesday we could be witnessing the birth of a new type of investment that allows you to hold your cryptos and, at the same time, generate passive returns more easily! Stay tuned for this, as the future of investments is getting closer to our hands! 📲$SOL $ETH $XRP
