REX Shares: Solana Staking ETF Set to Launch

On June 28, it was reported that REX Shares announced on the X platform that the Solana staking ETF, “REX-OspreySOL+StakingETF,” is coming soon. This ETF is designed to track the performance of Solana while generating yield through on-chain staking. It is said to be the first staking cryptocurrency ETF in the United States. In addition, Bloomberg Senior ETF Analyst Eric Balchunas revealed on X that the U.S. Securities and Exchange Commission (SEC) stated it has no further comments, suggesting they are ready to proceed. Previously, the SEC had issued a warning to REX Shares and Osprey Funds, stating that their proposed staking-based Ethereum and Solana ETFs might not meet the definition of an “investment company” under the Investment Company Act and therefore may not satisfy the legal compliance requirements for ETFs.
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