In the USA, the application process for the first staking ETFs for Ethereum and Solana is underway. REX Shares and Osprey Funds have submitted applications to the Securities and Exchange Commission (SEC) to create ETFs that will track these cryptocurrencies and provide investors with income from staking.
What is staking?
Staking is the process of locking cryptocurrency in a blockchain network to maintain its operation and security. Cryptocurrency owners participating in staking receive rewards in the form of new tokens from the same network.
Staking in the USA
The applications for staking ETFs indicate a growing interest in staking as an investment tool. If the SEC approves these applications, investors in the USA will be able to access staking through exchange-traded funds without directly purchasing cryptocurrency. This will simplify the process for many investors and potentially increase demand for Ethereum, Solana, and Ton.
