REX Shares is reportedly just days away from launching the first-ever Solana staking exchange-traded fund (ETF), after successfully addressing regulatory concerns raised by the U.S. Securities and Exchange Commission (SEC).
ETF analysts Eric Balchunas and Nate Geraci said REX Shares filed an updated, fully completed prospectus with the SEC, signaling the fund is ready for approval and launch. “Add it all up, and it appears as though all systems go for imminent launch,” Balchunas wrote on X.
The fund, structured under the Investment Company Act of 1940 using a rare c-corp model, avoids the standard 19b-4 approval process. Geraci said this “creative” approach appears to have satisfied the SEC, despite previous concerns that it conflicted with ETF rule 6c-11.
“The SEC looks comfortable pushing forward,” Geraci added, calling the structure “very rare in the ETF world.”
REX Shares has confirmed that its upcoming REX-Osprey SOL and Staking ETF will track Solana ($SOL ) while offering staking yields — a long-awaited feature in the crypto ETF space. The firm called it the “first-ever staked crypto ETF” in the U.S., marking a major shift in ETF innovation.
Staking has been a sticking point for institutional investors seeking yield-generating exposure to crypto. In March, BlackRock’s head of digital assets, Robbie Mitchnick, called the firm’s Ethereum ETF a “tremendous success,” but acknowledged it was “less perfect” without staking.
With the final regulatory boxes checked, analysts expect REX Shares’ Solana ETF to begin trading any day now, potentially ushering in what Balchunas dubbed “Crypto ETF summer.”
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