- REX-Osprey files 21 crypto ETFs, expanding regulated access to major altcoins.
- New ETFs include staking options for tokens like ADA, SUI, HYPE, and TAO.
- Funds use Cayman structures and HSM custody to meet U.S. compliance standards.
REX Shares and Osprey Funds have filed a batch of 21 single-asset cryptocurrency exchange-traded funds (ETFs) with the U.S. Securities and Exchange Commission (SEC). The applications cover prominent digital assets including Cardano (ADA), Stellar (XLM), Sui (SUI), and Hype (HYPE). This marks one of the largest coordinated attempts to introduce diversified crypto investment products to U.S. markets.
The filings come amid renewed institutional interest in altcoins, as the broader crypto market continues its recovery. Data shows that Bitcoin, Ethereum, and other leading assets have recently gained momentum, supporting market confidence ahead of the SEC’s 75-day review period for these new filings.
ETF Structure Includes Staking and Global Exposure
According to the filings, many of the proposed ETFs will operate as staked products. This structure enables investors to earn staking rewards in addition to benefiting from price movements. Tokens eligible for staking under the proposals include ADA, AVAX, DOT, NEAR, SEI, SUI, TAO, and HYPE.
The decision follows the success of REX-Osprey’s earlier Solana staking ETF, which reached record performance levels in recent weeks. Encouraged by that outcome, the firms have expanded their filings to include a wider range of assets.
Each ETF is structured through Cayman Islands subsidiaries, a standard mechanism that allows compliance with U.S. tax laws while maintaining exposure to digital assets. This approach is designed to preserve regulated investment company status under U.S. law.
Custody Safeguards and Institutional Access
The filings also outline specific arrangements for crypto custody. Assets will be secured using hardware security modules (HSMs) to manage private keys, with multi-party authorization required for any transfer or policy change. These measures are intended to reduce the risk of unauthorized withdrawals and improve oversight for institutional investors.
Additionally, up to 40% of the funds’ assets may be allocated to non-U.S. exchange-traded products, including those issued by 21Shares, CoinShares, and Valour in Europe and Canada. If approved, these ETFs would provide regulated access to a broader range of digital assets, extending beyond Bitcoin and Ethereum. The filings align with investor demand for diversified exposure within traditional financial markets while maintaining security and regulatory compliance.
