🔥 Significant Development – According to the CEO’s Claim, the Solana Spot ETF Will Begin Trading on Wednesday

The REX-OSPREY Solana ETF will begin trading on Wednesday, according to the CEO.

“If we put the whole system together, it looks like we’re all set for launch,” Bloomberg ETF analyst Eric Balchunas said in a post on the X (formerly Twitter) platform on Friday.

ETF Store President Nate Geraci said in a statement the same day that the SEC appeared open to the relatively rare C-Corp (C-corporation) business model that REX Shares uses in its fund structure. This structure had previously been found problematic by the SEC because it conflicted with Rule 6C-11, which governs the governance of ETFs.

“It looks like they’re leaning toward moving forward with the creative 40 Act structure,” Geraci said, adding that the process is accelerating, “Here we go.” He also added that they believe all of the SEC’s comments have been resolved. “It looks like the comment issue has been resolved.”

#ETF #SOL