Впервые в США запущен Ethereum-ETF с возможностью получения ежемесячного стейкинга Translated: For the First Time in the US, an Ethereum ETF with Monthly Staking Opportunity Launched

On September 25, REX Shares and Osprey Funds announced the launch of the first Ethereum staking ETF in the United States. Applications from BlackRock and Fidelity are still under review by the SEC.

According to the announcement, the new product, trading under the ticker ESK, is the first fund in the U.S. that provides access to the spot price of the second-largest cryptocurrency while incorporating staking. Investors will earn monthly payouts for supporting the Ethereum network.

The Commission previously requested additional time to evaluate the applications from BlackRock, Fidelity, and Franklin Templeton for integrating this feature into their Ethereum-based ETFs. Meanwhile, existing exchange-traded funds based on the asset have collectively attracted around $25.5 billion.

In July, REX-Osprey launched the first Solana ETF in the U.S. In September, supported by companies, trading started for exchange-traded funds based on Dogecoin and XRP.

In August, the firms also submitted an application to the SEC for a BNB-based product featuring staking.

The instruments from REX Shares and Osprey Funds are structured in accordance with the Investment Company Act of 1940, which allows for a shorter application review period of 75 days compared to 240 days under the 1933 Act, under which bitcoin and Ethereum ETFs were launched.

On September 25, BlackRock registered a trust for a new fund called Bitcoin Premium Income ETF in Delaware. This was noted by Bloomberg exchange analyst Eric Balchunas, who emphasized that such a step often precedes an official application to the SEC.

He explained that the product’s essence lies in a covered call strategy on bitcoin futures, aiming to generate consistent income for investors by collecting premiums.

However, this may potentially limit investors’ participation in the price growth of the leading cryptocurrency compared to direct investments through spot ETFs that track market movements, Balchunas pointed out.

«The fact that BlackRock is developing a new bitcoin product while other coins await the approval of their funds is quite telling. It seems the company has decided to focus on building an ecosystem around the largest market-cap cryptocurrencies, leaving altcoins aside, at least for now. This creates ample opportunities for other market participants who will not have to contend with giants like BlackRock,» the expert added.

Previously, macro analyst Luke Gromen stated that the lack of built-in yields in digital gold is an advantage that makes it a safer store of value.

In parallel, Bitwise submitted an S-1 form to the SEC to launch the Hyperliquid ETF. According to the document, the fund will directly hold HYPE tokens, which provide discounts on decentralized exchanges and are used to pay fees on the HyperEVM blockchain.

To initiate the review process, companies also need to submit form 19b-4.

In mid-September, the SEC simplified the listing procedure for crypto ETFs. To reduce the timeframes, a product must be tied to an asset traded on ISG markets or serve as the basis for a futures contract registered on a compliant market for at least six months.

However, Bitwise representatives noted that «currently, Hyperliquid futures contracts are not registered with the CFTC.» Consequently, the approval process could take up to 240 days.

Amid the establishment of unified rules for cryptocurrency-based exchange-traded funds, Hashdex, in collaboration with Nasdaq Global Indexes, announced the expansion of its ETP to include Stellar, XRP, and Solana. Previously, it only consisted of bitcoin and Ethereum.

It is worth noting that the total assets under management for investment products based on digital assets reached $40.4 billion since the beginning of the year.