Rex shared investment companies today, September 25th, including Ether Cryptocurrency, and launched cryptocurrency, including staking mechanisms in the US.
Operating under the ESK ticker, the fund is described by companies as “the first American fund to provide investors with profitable and convenient exposure to the Ethereum spot through the ETF structure of the 1940 Act.”
Through financial products, you can access ETH prices and earn monthly returns through staking. ETH owners block assets on the network to validate transactions You will receive a reward in return.
“The reward for directly transferring anything the fund receives to investors without Rex or Osprey holding any role,” Rex-Soprey said.
The following graph shows how the price of this fund has so far moved on the first day of trading.
ETFs were registered under the Investment Companies Act of 1940, so they work in a similar way to mutual backgrounds, but it is worth clarifying that unlike Bitcoin (BTC) ETFs (BTC), unlike ethers approved by the U.S. Securities Exchange and Securities Commission (SEC) in 2024 under the 1933 bill, it is not a spot for ETFs.
Rex-Soprey Use the “spot” label as a marketing resource It’s about linking that launch to the fame of Bitcoin and etheric ETFs, but the mechanism and actual level of exposure differ.
As reported by Cryptonoticia, the company was also responsible for the launch of its first ETFs for Dogecoin and XRP last week. meanwhile, Signatures such as BlackRock, Fidelity, Franklin Templeton await SEC approval After an extension established by the regulatory body two weeks ago, for his ETF (truly “spot”), along with staking.
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