HISTORICAL! Anchorage Digital Drives the First #etf de #staking de U.S.
Anchorage Digital, the federally licensed digital asset bank, has achieved a monumental victory by being selected as the exclusive custodian and staking partner for the newly launched REX-Osprey #solana + Staking ETF.
This milestone is of utmost importance, as it marks the debut of the first cryptocurrency ETF in the U.S. that is publicly traded and combines exposure to tokens with staking rewards within a structure regulated by the 1940 Act.
Pioneer in Staking ETFs: The REX-Osprey Solana + Staking ETF is the first product of its kind in the U.S., offering investors not only exposure to Solana #sol but also the rewards generated by staking their underlying assets.
Regulation under the 1940 Act: Unlike the recent wave of spot Bitcoin and Ethereum ETFs (registered under the 1933 Act), this new ETF is governed by the more stringent Investment Company Act of 1940. This distinction requires a qualified custodian to hold the assets, raising the standards of security and compliance.
Benefits for the Investor: The ETF provides direct exposure to SOL and, fundamentally, the rewards for participating in Solana staking are transferred directly to investors, offering an additional source of yield.
"Staking is the next chapter in the history of cryptocurrency ETFs," said Nathan McCauley, CEO of Anchorage, in a statement. "This launch marks a significant advance in providing institutions with full access to the cryptocurrency ecosystem in a regulated package."
Greg King, CEO of REX Shares, called the product "the next evolution of digital asset ETFs," noting that Anchorage's ability to manage staking within a compliant fund structure was essential to its operation.