On Wednesday, July 2, the first crypto-ETF with staking support will begin trading in the USA, reports REX Shares. This instrument will provide investors access to Solana (SOL) and allow them to earn on-chain staking rewards — this is the first case for an exchange-traded fund.

This ETF combines spot access to Solana with additional income from staking. Investors will own shares that reflect both the price of SOL and the rewards from staking on the blockchain. This is the first ETF in the USA that distributes staking income among the fund's shareholders.

Unlike traditional ETFs that require lengthy SEC approval, the REX-Osprey product uses a unique regulatory structure that allows it to avoid direct interaction with the SEC regarding staking execution issues.

The fund is registered under the Investment Company Act of 1940 and operates through a C-corporation, allowing it to launch without filing Form 19b-4. Previously, REX Shares received informal confirmation from the SEC that there are no unresolved comments on their application.

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