Rex-Sosprey has launched the first US Exchange Sales Fund designed to combine Spot Ethereum exposure with staking rewards.
The new product, announced on September 25th, traded under Ticker ESK and registered as the 1940 ACT ETF, allowing investors to access Ethereum through the familiar regulatory framework.
The ESK Fund combines Eth Holdings with staking components to distribute monthly shareholder compensation from Ethereum’s demonstration system.
Unlike many staking products offered through private contracts and custodians, Rex-Soprey emphasized that it does not maintain its share of rewards. Instead, the full revenue from staking is passed on to investors.
Greg King, CEO of Rex Financial, said:
“With ESK, we bet investors’ access to Ethereum and also pay in the broadest US ETF format. This continues to work to introduce crypto staking through the ETF structure.”
The development is based on the July launch of the first Solana Staking ETF company in the US. The product broke new ground as the first Solana ETF and the first domestic crypto ETF, including staking-related distributions.
Since then, the fund has grown to over $300 million under its control and has shifted to a regulated investment company (RIC) structure to maintain its spot and staking strategy while providing tax efficiency.
The influx of Ethereum ETFS is cool
The arrival of ESK comes when the desire of investors in Spot Ethereum ETFs is getting much late.
Data from SOSO Value shows that September brought only $110 million in September, compared to $3.8 billion in August and $5 billion in July. In particular, the inflow occurred in just seven days, but the outflow occurred in 10 trading sessions this month.
Still, the cumulative flow to the product is $13.62 billion, with funds administering $27.42 billion.
These figures are significantly improved when the Securities and Exchange Commission (SEC) allows funds to be integrated into products. Financial regulators recently extended the period for reviewing this approval.