REX-Osprey and Defiance file 27 crypto ETFs, including staking and 3x leverage
REX-Osprey and Defiance file 27 crypto ETFs, including staking and 3x leverage
REX-Osprey filed prospectuses for 21 crypto funds and Defiance lodged six more products on Oct. 3. Bloomberg's James Seyffart shared the filings on X, with REX-Osprey's roster spanning single-asset strategies, including AAVE, ADA, ATOM, and ENA.
Article Summary
**REX-Osprey and Defiance Launch 27 New Cryptocurrency ETFs with Staking and Leveraged Options** Two major investment firms are expanding the crypto ETF landscape with 27 new cryptocurrency exchange-traded fund filings. REX-Osprey submitted prospectuses for 21 innovative crypto funds, while Defiance ETFs filed six additional products on October 3, 2024. Bloomberg ETF analyst James Seyffart confirmed these groundbreaking filings on social media platform X. REX-Osprey's comprehensive portfolio includes single-asset strategies targeting popular DeFi tokens and altcoins such as AAVE, Cardano (ADA), Cosmos (ATOM), and Ethena (ENA). The filings notably feature staking capabilities and 3x leveraged options, offering investors enhanced exposure to cryptocurrency markets through traditional investment vehicles. These ETF applications represent significant institutional adoption in the digital asset space, potentially providing mainstream investors easier access to blockchain technologies and decentralized finance protocols. The diverse range of cryptocurrency ETFs could drive increased liquidity and market participation across various altcoin ecosystems, building on the success of existing Bitcoin and Ethereum ETF products in the evolving cryptocurrency investment landscape.
