Big news is shaking up the crypto investment world! REX Shares has officially announced the upcoming launch of the âREX-Osprey SOL+Staking ETFâ, a groundbreaking exchange-traded fund that not only tracks the price performance of Solana (SOL) â but also generates returns through on-chain staking.
Yes, you read that right. This isn't just another ETF. Itâs the first staking-based crypto ETF in the United States.
đ The ETF aims to combine price tracking with passive income from staking rewards, opening up a powerful new way for traditional investors to earn from crypto â without holding tokens directly.
And hereâs the real kicker:
According to Bloombergâs ETF expert Eric Balchunas, the U.S. SEC has no further objections to the proposal. Thatâs as close to a green light as it gets in the ETF world.
đ¨ Just months ago, the SEC had flagged legal concerns over whether staking-based ETFs fit the definition of an "investment company" under the Investment Company Act. But now, it seems those regulatory hurdles have been cleared.
This move could open the floodgates for future staking ETFs, not just for Solana but for other major blockchains as well.