The ESK fund blends spot ETH holdings with a staking component, distributing rewards from Ethereum’s proof-of-stake system to shareholders on a monthly basis.
Unlike many staking products offered through private agreements or custodians, REX-Osprey emphasized that it does not keep a share of the rewards. Instead, the full proceeds from staking are passed on to investors.
Greg King, chief executive of REX Financial, said:
“With ESK, we’re giving investors access to Ethereum plus staking rewards in the most broad-based US ETF format. This continues our work of introducing crypto staking through the ETF structure.”
Since then, the fund has grown beyond $300 million in assets under management and shifted into a Regulated Investment Company (RIC) structure to provide tax efficiency while preserving its combined spot-and-staking strategy.
The arrival of ESK comes at a time when investor appetite for spot Ethereum ETFs has slowed considerably.
Still, the cumulative flows into the products stand at $13.62 billion, with the funds managing $27.42 billion.
These numbers will significantly improve if the US Securities and Exchange Commission (SEC) allows the funds to integrate staking into their products. The financial regulator recently extended the review period for this approval.
