The REX-Osprey ESK ETF (Ticker: ESK) is a U.S.-listed fund designed to provide investors with a combined exposure to Ethereum (ETH) price appreciation and staking rewards. Under normal market conditions, ESK seeks to invest at least 80% of its net assets in ETH or ETH-linked instruments, with a portion of holdings staked through institutional validators to generate yield. The fund’s structure may leverage a Cayman subsidiary to facilitate staking while managing regulatory constraints under the Investment Company Act of 1940.
While ESK aims to mirror ETH performance plus staking returns, its returns can diverge from ETH alone due to fees, staking costs, unbonding periods, and structural differences. The fund is managed by REX Shares in partnership with Osprey Funds and is part of a broader trend of crypto ETFs incorporating yield strategies.
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