🇺🇸 REX Shares to Launch Ethereum and Solana Staking ETF in the U.S.
REX Shares is preparing to launch the first Ethereum and Solana staking ETF in the U.S. within the coming weeks. Unlike existing Ether ETFs that only hold ETH, this new fund will stake at least 50% of its ETH and SOL holdings to generate rewards for investors.
To accelerate the process, REX Shares is using a C-corp structure combined with a subsidiary in the Cayman Islands. This approach allows them to bypass the SEC’s 19b-4 approval process, which is often slow and complex.
The C-corp model offers the advantage of faster and more legally flexible ETF launches. However, since C-corps are subject to corporate tax, this could reduce investor returns.
Even so, Bloomberg’s James Seyffart sees this as a smart move to introduce staking features into ETFs. BlackRock itself has previously acknowledged that an Ethereum fund is incomplete without staking.
