Explosive news! The world's first Solana staking ETF is about to make a stunning debut
On June 28, the financial markets welcomed an extremely shocking announcement — REX Shares officially announced on platform X that its meticulously crafted Solana staking ETF “REX-Osprey SOL + Staking ETF” is about to shine. This innovative financial product focuses precisely on Solana, a popular cryptocurrency, with the core goal of closely tracking Solana's market performance. At the same time, leveraging the innovative mechanism of on-chain staking, it opens up a new avenue for investors to obtain additional returns. According to industry authorities, this ETF is expected to become the first staking cryptocurrency ETF in U.S. history, marking a revolutionary significance.
Bloomberg's senior ETF analyst Eric Balchunas revealed key information on platform X that the U.S. Securities and Exchange Commission (SEC) seems to have given the green light for the advancement of this ETF, as no further objections have been raised at this time. All signs indicate that its official launch is imminent and has entered the countdown phase.
Looking back, the SEC had previously issued stern warnings to REX Shares and Osprey Funds regarding their proposed staking Ethereum and Solana ETFs, clearly stating that such innovative products might contradict the explicit definition of “investment company” in the Investment Company Act, failing to meet the legal compliance requirements for ETFs. However, the situation has now reversed, and REX Shares and Osprey Funds, through their continuous efforts and carefully optimized solutions, seem to have successfully alleviated the SEC's concerns, taking a solid step forward in this journey of cryptocurrency financial innovation, setting a new benchmark for the entire industry, and presenting unprecedented opportunities and challenges for investors.
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