Ethereum Staking ETF $ESK Debuts in U.S. Market

• First U.S. Ethereum Staking ETF $ESK launches, merging spot exposure with staking yield.
• Grayscale prepares up to 1.5M ETH for staking as regulatory approval remains pending.
• SEC decision on staking ETFs could reshape liquidity and long-term Ethereum valuation.

The first Ethereum Staking ETF has begun trading in the United States, introducing a new way for investors to gain exposure to both Ethereum’s price movements and staking rewards in a regulated framework. The product signals a structural change in how traditional markets access blockchain-based income streams, previously limited to decentralized finance users.

REX Shares launched the REX-Osprey ETH + Staking ETF under the ticker $ESK. It is the first fund in the U.S. to merge direct spot Ethereum holdings with staking income. According to company disclosures, the ETF intends to provide monthly distributions that resemble the structure of traditional income-focused products.

The company has previously issued funds tied to Dogecoin, XRP, and Solana. However, $ESK is distinct in its approach. By linking Ethereum price exposure with staking yield, the product reduces liquid supply while distributing rewards to investors. This dual mechanism sets it apart from other digital asset ETFs that only track token prices.

Institutional Preparation for Staking Expansion in Ethereum Staking ETF

Blockchain records show that Grayscale is preparing its own strategy around staking. Over the past week, its Ethereum Trust transferred more than 40,000 ETH in multiple transactions, each roughly 3,200 ETH valued near $14.6 million. Analysts interpret these movements as preparations for validator setup.

Reports indicate that Grayscale could stake up to 1.5 million ETH pending regulatory clearance. If executed, this would represent one of the largest institutional staking commitments in the U.S. market.

SEC Decision Could Reshape Ethereum Market

The Securities and Exchange Commission faces a final deadline next month on several Ethereum ETF applications. While standard spot ETFs have already been approved to trade under existing listing rules, the status of staking remains unresolved. Bloomberg ETF analyst James Seyffart stated that the SEC has not yet finalized its stance on staking features.

If additional Ethereum Staking ETFs receive approval, large amounts of ETH could be locked across institutional products. This shift would limit exchange liquidity, potentially impact trading conditions, and reinforce Ethereum’s position as both an asset and a yield-generating instrument.