Launch of First Staked Crypto ETF in the US

REX Shares is set to launch the first staked crypto ETF in the US this Wednesday, providing investors with exposure to Solana (SOL) while earning on-chain staking rewards. Following the announcement, Solana's price surged nearly 4%, indicating strong market interest. The ETF, listed under the ticker SSK, uniquely combines spot exposure to Solana with staking yield benefits. Investors will own shares reflecting both SOL's price and staking rewards, making it the first US ETF to distribute native staking income to shareholders. Unlike traditional ETFs that require extensive SEC approval, this product utilizes a unique regulatory structure, registered under the Investment Company Act of 1940, allowing it to launch without a 19b-4 filing. This structure also sidesteps direct SEC engagement on staking enforcement issues. The ETF will be available to US investors with 24/5 liquidity and commission-free access on select platforms, marking a significant advancement in crypto asset management and potentially influencing pending Solana ETF applications. Read more AI-generated news on: https://app.chaingpt.org/news