30.06.2025 18:56

REX Shares' Solana ETF is on the verge of launching, potentially becoming the first SOL ETF to trade in the US, possibly as early as this week. This follows a recent filing with the Securities and Exchange Commission (SEC) that, according to Bloomberg's senior ETF analyst Eric Balchunas, signals the ETF is ready for launch. Balchunas cited an updated prospectus and internal email correspondence suggesting the SEC's concerns have been fully addressed.


The anticipated launch of the REX-Osprey Solana staking ETF represents a significant development for the crypto investment landscape. This innovative fund, designed to track Solana's price while simultaneously generating income through on-chain staking rewards, offers traditional investors a convenient pathway to participate in staking without the complexities of direct digital asset management.


A key factor contributing to the ETF's imminent launch is its unique structure. Unlike other proposed crypto staking ETFs, REX Shares employed a C-corporation structure under the Investment Company Act of 1940, circumventing regulatory obstacles that have hampered competing proposals filed under the standard 19b-4 process. Nate Geraci, president of ETF Store, lauded this unconventional approach, characterizing it as a "creative" solution that successfully navigated regulatory hurdles.


This innovative corporate structure, described as "very rare in the ETF world" by Bloomberg's James Seyffart, has provided REX Shares with a competitive advantage. While other firms await SEC approvals for their similar products, REX Shares has cleverly sidestepped many delays, highlighting the effectiveness of their strategic approach. REX Shares themselves recently confirmed an imminent launch, boasting this as the "first-ever staked crypto" ETF. The successful navigation of regulatory challenges through this novel structure represents a potentially transformative moment for the cryptocurrency ETF market.