Crypto ETFs That Pay A Staking Dividend Are Here With Launch Of REX-Osprey Suite Of Crypto Products

Greg King, CEO of REX Shares, was recently a guest on Benzinga's All Access. 

REX Shares is a provider of exchange-traded products specializing in alternative strategy ETFs and ETNs. The company, along with Osprey Funds, recently launched the REX-Osprey suite of crypto products, which consists of a family of ETFs that give investors direct exposure to cryptocurrencies including Ethereum, Solana and Dogecoin. The suite also includes the first U.S. ETFs to pay out native Ethereum and Solana staking income. 

While REX Shares has been involved in the cryptocurrency market for six or seven years, it was only recently that it doubled down. "What we saw around November and in January with the change of the administration was an opportunity to really go in on putting out some innovative crypto products," King told Benzinga in the interview. "The environment regulatory-wise wise has been pretty rough the previous four to eight years; this is a constructive administration.”

Since REX Shares launched the REX-Osprey suite of crypto products two-and-a-half months ago, King said the ETFs have seen a lot of interest and have brought in close to $500 million in assets, with some of the inflow coming from institutional investors. 

When it comes to the different cryptocurrencies, King said investors should look at it from the perspective of evaluating the purposes they serve. Bitcoin is the alternative to gold and currency, Solana is a bet on transaction speed and very quick settlements, XRP is a play on cross-border blockchain payments and Ethereum, the number two crypto, is used for smart contracts. 

Watch the full video here:

Featured image from Shutterstock.

This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice.
This content was originally published on Benzinga. Read further disclosures here.