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The first Ethereum ETF with staking functionality has launched in the US.
On September 25, REX Shares and Osprey Funds announced the launch of an Ethereum ETF with staking functionality in the US. Applications from BlackRock and Fidelity are still pending with the SEC.
The new product, under the ticker ESK, has become the first fund in the US to offer access to the spot price of the second-largest cryptocurrency and include staking.
In July, REX-Osprey launched the first Solana ETF in the US. In September, with the companies' support, trading of Dogecoin and XRP-based exchange-traded funds began.
As we have seen since the change in the SEC chairman, the ETF landscape has taken a significant step forward, and more and more instruments are rapidly appearing.
This trend will positively impact cryptocurrency prices, as it will bring an influx of fresh liquidity, helping the altcoin market recover.
Although Ether has slumped against the backdrop of overall market dynamics, it still retains its potential, which I have repeatedly told you about.#Btc #Etc #Ltc #Sol #Xrp