According to Odaily, REX Shares announced on the X platform that the Solana staking ETF, named "REX-Osprey SOL+Staking ETF," is set to launch soon. This ETF aims to track Solana's performance while generating returns through on-chain staking. It is reportedly the first staking cryptocurrency ETF in the United States.
Bloomberg's senior ETF analyst Eric Balchunas revealed on the X platform that the U.S. Securities and Exchange Commission (SEC) has no further comments, indicating readiness for the launch. Previously, the SEC had warned REX Shares and Osprey Funds that their proposed staking Ethereum and Solana ETFs might not meet the legal compliance requirements under the Investment Company Act, as they may not fit the definition of an "investment company."
