REX Shares and Osprey Funds File for 21 New Crypto ETFs
REX Shares and Osprey Funds have filed for 21 new cryptocurrency exchange-traded funds (ETFs). The filing was announced on Friday, October 3, 2025. These ETFs cover tokens such as Cardano, Stellar, Sui, and Hype.
Most of the new ETFs include staking features. This allows investors to earn rewards while holding their assets. The funds also benefit from token price changes.
According to SEC documents, the staking products cover tokens like Cardano, Avalanche, Polkadot, Near, Sei, Sui, Bittensor, and Hype.
This filing follows the recent success of REX-Osprey’s Solana staking ETF, which reached a new high. This success appears to have encouraged the firms to expand their offerings.
Offshore Structures and Global Investment
To comply with U.S. tax and regulatory rules, the funds will use Cayman Islands subsidiaries. These offshore structures mirror the strategies of U.S.-listed funds. They also help maintain regulated investment company status.
The documents reveal that up to 40% of the funds’ assets could be invested in non-U.S. exchange-traded products. These include issuers such as 21Shares, CoinShares, and Valour, which operate in Europe and Canada.
Other ETF Filings and Potential Delays
Defiance ETFs LLC also filed new prospectuses on Friday. These include leveraged products tracking crypto assets and major stocks like Tesla and Amazon.
Bloomberg Intelligence analyst James Seyffart commented on X (formerly Twitter), “Things are getting wild,” referring to the surge in ETF applications.
The SEC recently approved new listing standards for commodity-based trust shares. This change simplifies the approval process for many crypto ETFs. It removes the need for the lengthy 19b-4 rule review, speeding up market entry.
This has led to a wave of new filings, including ETFs tied to Dogecoin, XRP, and Litecoin.
However, the U.S. government shutdown that began on Wednesday, October 1, 2025, may delay SEC decisions. With limited staff, the SEC is unlikely to process registration statements until normal operations resume.
